No 7



Venezuelan Government Puts Crude Output At 2Mn B/D, Opposition Claims 1.4Mn B/D

The Venezuelan government maintains that crude production has reached 2mn b/d and that efforts are being made to restore the country to full production of around 3.1mn b/d in early March. Speaking at a youth political rally on 12 February, President Hugo Chavez said: Oil production is in the order of 2mn b/d. We still must recover 1mn b/d. However, striking workers from state-owned...