small soybean oil production line in venezuela

                                               
                                               
                                               
                                               
                                               
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  • What is the oil production volume in Venezuela?
  • By 1970, Venezuela was producing more than 3.7 million barrels per day of oil, making it one of the largest oil-producing countries.112 In 1971, Venezuela began to take control of its petroleum assets, fully nationalizing the sector in 1976 with the creation of PdVSA to manage the country's petroleum resources and production.
  • Why did Venezuela's oil exports rise last month?
  • Dec 3 (Reuters) - Venezuela's oil exports jumped last month on higher sales to its mainstay Asia customers, and approached 1 million barrels per day (bpd), a level not seen since early 2020, according to ship monitoring data. Under U.S. sanctions since 2019, Venezuela's exports of crude and refined products have been highly volatile.
  • Does Venezuela export methanol?
  • Venezuela's exports of oil byproducts and petrochemicals, including methanol and petroleum coke, declined to 330,500 metric tons in November, from 362,000 tons in October, according to the data. The OPEC country also increased exports to its political ally Cuba to 38,000 bpd from 28,000 bpd the previous month.
  • Why does South America's oil industry have a ceiling on production & sales?
  • Lack of investment and frequent fires and outages at the South American country's aging oil infrastructure put a ceiling on production and sales. State oil company PDVSA (PDVSA.UL), its joint ventures and other state companies last month shipped an average of 974,033 bpd of crude and fuel, mostly to China.
  • How many BPD did Venezuela import last month?
  • Venezuela imported 87,000 bpd of heavy naphtha and gasoline blend stock last month through U.S.-authorized swap agreements with U.S. and European partners, slightly above the 81,000 bpd of October. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
  • Why did PDVSA increase methanol exports?
  • The export increase happened despite a large explosion and fire at one of PDVSA's main natural gas centers, which hit output of products, including methanol.