January 27, 2021

Maduro says that "anyhow" will grant one million barrels of oil to China

Maduro says that "anyhow" will grant one million barrels of oil to China



Venezuelan President Nicolás Maduro said today that "whatever it is" will grant one million barrels of oil to China, a promise he makes amid the fall of crude oil production in the Caribbean country and as part of his trade relations with the Asian giant

"We are going to arrive at a million barrels of oil for China, rain, shine or lightning." Major General Manuel Quevedo, President of (state Petroleos de Venezuela) PDVSA, workers' comrades of PDVSA, rain lightning or lightning we reached a million of barrels, whatever, "he said.

In a meeting with Chinese and Venezuelan businessmen, the head of state said that in the Orinoco Oil Belt, the country's largest oil reserve, "there is all the oil for its development in the next 50 years or 100 years, as you wish. "

He said on September 18, after his visit to China, the goal is expected to meet in August 2019, date in which he also estimates that the oil production of the Caribbean country is doubled.

The production of Venezuelan crude, which has the largest oil reserves in the world, is at the lowest level of the last three decades, except for several months between the end of 2002 and the beginning of 2003, when a strike at the state oil company Petróleos of Venezuela (PDVSA) plummeted the pump to less than 100,000 barrels per day.

According to calculations published this month by the Organization of Petroleum Exporting Countries (OPEC), production fell by 3.3% in September (42,000 barrels per day) and stood at 1.197 million barrels per day (mb / d).

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