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PDVSA will pump 2.96 million bpd in 2007

 

Petroleumworld
CARACAS
Petroleumworld.com 03 29 07

Venezuelan state oil company PDVSA plans to produce 2.96 million bpd of crude oil in 2007, according to the Venezuela's oficial budget published in the Country's Official Gazette on Wednesday.

The Gazette said that out of the 2.08 million bpd will be for export, with 550 million bpd for the domestic market.

PDVSA has not disclosed the official production figures for 2006.

However, in PDVSA 's 2006 budget the firm estimated annual average production at 2.9 million bpd, actual production in 2005, was 2.9 million bpd, Reuters said.

 

Petroleumworld 28 03 07

Copyright© 2007 Petroleumworld. All Rights Reserved.

 

 

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