Maduro says that Venezuela will produce 2 million barrels of oil per day in 2022

the president of Venezuela, Nicholas Maduroreiterated this Wednesday that the oil production goal for this year is two million barrels per day, which would mean an increase of 164.9% compared to the pumping at the beginning of the year, of 755,000 barrels, according to reports from the authorities. Venezuelans to OPEC.

“This year we are going to two million barrels per day rain, shine or shine. This year we recovered oil production hand in hand with the working class”expressed the president during a meeting with representatives and workers from productive sectors, broadcast by the state channel Venezolana de Televisión (VTV).

The promise of exceeding the threshold of two million barrels had already been announced on January 15 during the presentation of his report and he tells before the National Assembly (AN, Parliament), with a Chavista majority.

“Regarding oil production, in December we achieved an important milestone by reaching the production of one million barrels per day with a single and exclusive national investment, and with the participation of oil workers. This year we have as a goal to reach 2 million barrels per day”, he said then.

Mature insists on increasing oil pumping in the midst of an energy crisis generated by the invasion of Russiathe world’s second largest oil producer, Ukraineand after an unexpected meeting was held between the Governments of Venezuela and United Stateswhich detailed that among the “different topics” they discussed, one was about “energy security.”

Several economists and oil experts distrust that the production of Venezuelan crude reaches two million barrels per day, and maintain that The Caribbean country would not have the capacity to cover the deficit left by Russia in the supply of crude oil after the sanctions of the Joe Biden governmentin a scenario in which the US relaxes the measures against the state-owned PDVSA.

“I don’t know where he’s going to get Venezuela oil and derivatives to increase its production and thus be able to sell crude oil and products to the US. Venezuela it is not in a position to replace Russia to supply oil to the US market, especially since 70% of that oil is products. The refining park is only working at 10% “Economist Rafael Quiroz said on Twitter.

On the other hand, Maduro also promised, this Wednesday, that in 2022 the production of oil derivatives, petrochemicals and gas will be increased.

“This year 2022 has to be the year of inflection, between before and after, between the time of resistance and the time of accelerated and consolidated growth, sustained, the growth of the entire economy, everything from the microeconomy of entrepreneurs to the macroeconomics of large oil production,” he added.

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