Caracas news, Venezuela's oil minister Rafael Ramirez September 22 here that in order to improve in the next few years, Venezuela's oil production, Venezuela intends to develop its own oil production in 80 U.S. dollars a barrel the lowest prices. He said the aim is to establish minimum prices in order to bring Venezuela's oil output by 2030 to double to 6 million barrels.
Ramirez was at a heavy oil conference made the remarks. He said that Venezuela's current average daily output of approximately 3 million barrels of oil, Venezuela, 2015, the Government intends to bring its oil output to 4.7 million barrels in 2030 to 6 million barrels. In order to achieve these goals, the Venezuelan state oil company intends to develop its own oil production in 80 U.S. dollars a barrel, the lowest price.
Sep. 24, 2009
