Venezuela's oil exports fell to 2.33
million barrels-per-day in 2014, from 2.43 million the previous year, Oil
Minister Asdrubal Chavez said on Tuesday. Production averaged 2.9 million bpd
last year, he added during an investors' conference in Caracas. OPEC member
Venezuela, which is reeling from the plunge in global crude prices since
mid-2014, is counting on joint ventures in the heavy-crude Orinoco region to
boost output in future years. More…
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