Tag: greenfields

Venezuela could reach 2.58 million barrels of crude oil per day by 2035, Rystad says

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Julio A. López.— Venezuela could increase its oil production to approximately 2.58 million barrels per day (b/d) by 2035 under a growth scenario that combines the recovery of existing fields with the development of new projects in the Orinoco Belt, according to a new projection by Rystad Energy. The energy intelligence firm estimates a trajectory […]

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José Guerra estimates the ‘fiscal sacrifice’ of the new oil agreement with the U.S. at $6 billion

Tatiana Da GamaLeave a Comment on José Guerra estimates the ‘fiscal sacrifice’ of the new oil agreement with the U.S. at $6 billion

The mechanism means that Venezuela, “an impoverished country, is subsidizing a rich country like the United States,” the economist said Neirlay Andrade.— Venezuela could face a fiscal sacrifice of around US$6 billion under the terms of the new oil agreement with the United States, according to an estimate presented Tuesday by economist José Guerra, who […]

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