Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos de Venezuela PDVSA.UL, known as PDVSA, won help from small drilling firms by rolling over old debts …
The post How Venezuela pulled its oil production out of a tailspin first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/how-venezuela-pulled-its-oil-production-out-of-a-tailspin/