Maduro Eyes Venezuela Producing 2 MMb/d in 2022

(Energy Analytics Institute, 9.Mar.2022) — “Rain, thunder or lightning, Venezuela will produce 2 million barrels per day in 2022,” the country’s President Nicolás Maduro proclaimed during a national television broadcast.

“Now, we are at one million barrels [per day] with our own lungs, but we are ready to reach two million barrels [per day] and with help three million barrels [b/d] in a short time,” Maduro said 9 March 2022 during the broadcast, adding that Venezuela also needed to boost its production oil derivatives, petrochemicals and natural gas.

Our oil is free, Maduro said: “whoever wants to produce it, buy it… be it an investor from Asia, Europe, the United States, South America, or Africa, is welcome.”


By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.