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Venezuela Increases Crude Production

The country will invest $40 billion over the coming five years to increase crude production

Venezuela Increases Crude Production

Venezuelan Foreign Minister Ali Rodriguez said Tuesday that the country will invest $40 billion over the coming five years to increase crude production to 5 million barrels a day in order to meet the new demand in the United States and other countries.

Now, according to Rodriguez, Venezuela now is pumping out over 3 million barrels of crude a day.

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