No 34



Latest Oil Production Estimates From Venezuela

Venezuelas Deputy Hydrocarbons Minister Luis Vierma said on 20 August that Venezuelas total production now stands around 3.3mn b/d. Of that, 1.2mn b/d comes from the western part of the country and that production is being pumped to the Paraguana Refining Complex as usual, Mr Vierma said, according to a Dow Jones report. Mr Vierma said another 1.1-1.2mn b/d were going to Citgo, the US refining and distribution unit...