long years running crude groundnut oil press ing machine in venezuela

                                               
                                               
                                               
                                               
                                               
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  • How much oil does Venezuela produce a day?
  • In 2008, crude oil production in Venezuela was the tenth-highest in the world at 2,394,020 barrels per day (380,619 m 3 /d) and the country was also the eighth-largest net oil exporter in the world. Venezuela is a founding member of the Organization of the Petroleum Exporting Countries (OPEC).
  • Did Venezuela double its oil production this year?
  • Venezuela this year almost doubled its oil production from last year¡¯s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades.
  • When did oil production peak in Venezuela?
  • Oil production peaked in the late 1990s and early 2000s. In 2008, crude oil production in Venezuela was the tenth-highest in the world at 2,394,020 barrels per day (380,619 m 3 /d) and the country was also the eighth-largest net oil exporter in the world.
  • Is Venezuela's crude oil production on a downtrend?
  • Venezuelan crude oil production has been on a downtrend for years. This is true across all crude grades, but from a composition standpoint, the heavies and extra heavies now make up over 71% of total Venezuelan crudes compared to sub 60% in 2013. In other words, the type of barrel produced is heavier than in the past.
  • Why did Venezuela stop drilling?
  • The sanctions forced the last American oil companies in the country to stop drilling. Soon, Venezuela¡¯s oil partners, bankers, and customers broke ties, and output plunged at a pace that has outstripped Iraq¡¯s downturn during both Gulf Wars and Iran¡¯s after its Islamic Revolution.
  • What is Venezuela's crude oil used for?
  • ¡°In Venezuela, you mostly get heavy and extra heavy crude. It is hardly any use on its own, but it is very useful for blending. Gulf Coast refiners are built for it, since they use a process called coking. Citgo for example,¡± explains Quintero, referring to the refiner that was bought by the Venezuelan state in the late 1980s.