Venezuela Needs $58B to Restore Crude Output to 1998 Levels

about 3 years in St.Kitts & Nevis Observe

Luc Cohen Reuters Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before ex-President Hugo Chavez came to power, equivalent to 3.4 million barrels per day (bpd), a document seen by Reuters shows. In the February 2021 document entitled “Investment Opportunities,” Petroleos de […]
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