The United States is the largest consumer of Venezuelan oil, absorbing about 85 percent of its export. Venezuelan oil accounts for 12 to 15 percent of the total consumption in the United States.
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Venezuela To Raise Oil Output
Venezuelan Foreign Minister Ali Rodriguez said Wednesday that the country will increase oil production
Venezuelan Foreign Minister Ali Rodriguez said Wednesday that the country will increase oil production by 66 percent next coming five years.
He added Venezuela plans to raise crude oil output from 3 million to 5 million barrels per day during the same period.
The United States is the largest consumer of Venezuelan oil, absorbing about 85 percent of its export. Venezuelan oil accounts for 12 to 15 percent of the total consumption in the United States.
The United States is the largest consumer of Venezuelan oil, absorbing about 85 percent of its export. Venezuelan oil accounts for 12 to 15 percent of the total consumption in the United States.
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