A Picture is worth 10,000 words #30: Venezuela’s Crude oil exports

July 14, 2007

From the same presentation as before, the evolution of Venezuela’s crude oil exports since 2000, showing what PDVSA exports and adding to it the exports of the heavy crude partnerships of the Orinoco oil belt. Clearly, the situation is not pretty as the combination of lower production and higher internal consumption has lowered the export of the country’s main source of income significantly. The trend is certainly not the Government’s friend.

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