Blow to the Blockade: Venezuela’s Oil Production Exceeds One Million Barrels per Day

On Saturday, December 25, Venezuelan Minister of Petroleum, Tareck El Aissami, informed that the country has exceeded the production goal of one million barrels per day of crude oil despite the illegal blockade imposed by the United States and the European Union.

In a Christmas message, the Venezuelan minister thanked the efforts of the workers of the oil industry and the state-owned Petróleos de Venezuela (PDVSA), especially exploration and production personnel and joint ventures.

RELATED CONTENT: PDVSA Revenues Increase by 62% in 2021

“I have seen them,” said El Aissami. “Despite the threats of the criminal blockade of the United States, here is a people standing, with dignity and in the vanguard, the workers of the oil industry.”

The figure doubles that of the half a million barrels per day extracted at the end of 2020 and exceeds the average production achieved at the end of November this year, which was 876,100 barrels per day.

RELATED CONTENT: Venezuela’s Oil Production Reaches 930,000 Barrels per Day Peak in December’s First Week

According to official reports, the breakdown of the production record of 1,041,660 barrels is as follows: Orinoco Belt (577,000 barrels); West (242,850), East (211,740) and natural gas (10,070).

The Venezuelan oil industry is one of the most affected by the policy of illegal sanctions imposed by the US government and the European Union, but its workers and managers are looking for solutions to raise production.

At the end of August, Executive Vice President Delcy Rodríguez had informed that “these coercive measures have sanctioned 192 people, 150 companies, 69 vessels, 30 oil tankers and 58 aircraft. In addition, seven executive orders have been issued blocking the oil industry.”

 

 

Featured image: Photo composition representing barrels with the Venezuelan flag on them. File photo.

(RedRadioVE)

Translation: Orinoco Tribune

OT/JRE/SC

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