Thursday , June 17 2021

Venezuela has stopped receiving $ 14 billion due to a drop in oil

Deputy of the Standing Finance Committee and Economic Development of the National Assembly, Jose Guerra, condemned on Wednesday that Venezuela has stopped receiving more than 14 billion dollars due to the fall of oil production and could stop being a country exporting crude oil.

Parliament noted that for the first time, at the same time, "There is a decline in oil production in Venezuela" and oil prices.

He reported that between December 2017 and October 2018 they stopped producing 740 thousand barrels of oil a day.

(Read also: Jesús Faría: Oil recovery production is a major task to move the economy)

Guerra explained that 20 years have not been produced "2 million 200,000 barrels per day of oil in the country that currently consumes from 300 to 400,000 barrels, subtracting 700,000 for export, but 200,000 are earmarked for China and another plot to Russia.

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