Comments from state-owned Petróleos de Venezuela executive Del Pino:
- Exports currently at 2.4-2.5 million bpd
- Crude production currently at 2.85m bpd, to rise by at least 100,000 bpd by end of the year
- Connecting two new oil wells per day in Orinoco Belt
Venezuela is one of the countries pushing hard for OPEC to cut production but, guaranteed, they aren't volunteering to cut their own production. And even they lowered their official quota, they would simply violate it.
