(Bloomberg) -- Venezuela, South America's largest
oil producer, saw a drop in output of heavy crude by joint
ventures that the government seized in May from Exxon Mobil
Corp., ConocoPhillips and other international producers.
Production has declined to 418,000 barrels a day at the
ventures, according to a statement today by Energy and Oil
Minister Rafael Ramirez on the Web site of state oil company
Petroleos de Venezuela SA. That's down from the 482,000 barrels
a day reported by Petroleos de Venezuela on May 9.
Read more at Bloomberg Energy News
oil producer, saw a drop in output of heavy crude by joint
ventures that the government seized in May from Exxon Mobil
Corp., ConocoPhillips and other international producers.
Production has declined to 418,000 barrels a day at the
ventures, according to a statement today by Energy and Oil
Minister Rafael Ramirez on the Web site of state oil company
Petroleos de Venezuela SA. That's down from the 482,000 barrels
a day reported by Petroleos de Venezuela on May 9.
Read more at Bloomberg Energy News
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