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Venezuelan Production Raises to 843,700 bpd July: Ministry Figures

OIL

Venezuela crude production rose to 843,700 bpd in July according to ministry figures including condensates and natural gas liquids (NGLs), up from 806,300 bpd in June.

  • Not including condensates and NGLs – production was about 808,000 bpd in July.
  • Most outside sources report lower monthly production figures for the country. Argus estimated Venezuelan production in June at about 760,000 bpd.
  • The US eased sanctions on Venezuela late last year, allowing some increased investment from outside partners in Venezuela's fields which has helped to boost production levels.

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