Post #1501

Despite the challenges posed by sanctions, Venezuela's oil industry continues its recovery. Venezuela's oil output has seen a gradual increase, reaching 820,000 barrels per day in February, as reported by OPEC. This uptick marks the highest output since February 2019, amid US-imposed sanctions. In parallel, Chevron has announced plans to drill 30 new wells in the Orinoco Oil Belt, targeting a production ceiling of 200,000 barrels per day by 2024, highlighting efforts to ramp up the nation's production capabilities. Read more here 👉🏼https://bit.ly/49YR4mw #PDVSA#Sanctions