Venezuela: Oil Output Contracts as Foreign Partners Lobby for License Extensions - Venezuelanalysis

Venezuela: Oil Output Contracts as Foreign Partners Lobby for License Extensions - Venezuelanalysis

Caracas, May 19, 2025 (venezuelanalysis.com) – Venezuelan oil production took a step back ahead of a key deadline for multinational corporations to wind down their activities in the country. The latest OPEC monthly bulletin placed the Caribbean nation’s April output at 888,000 barrels per day (bpd), as measured by secondary sources. The figure represents a 34,000 bpd drop compared to March. For its part, state oil company PDVSA reported an outpu…

Venezuela has been under sanctions for 10 years

Although it may seem incredible from other parts of the world, Venezuela has a Deputy Minister for Anti-Blockade Policies who reports to the Ministry of Popular Power for Internal Relations, Justice, and Peace. The very existence of such a position is cause for alarm. The man in question is William Castillo, who is responsible for managing the response to sanctions imposed on Venezuela, especially those imposed by the US administration of Donald…

19-05-25.-The Executive Vice President and Minister of Hydrocarbons, Delcy Rodríguez, said that, since 2017, the sanctions against the Venezuelan economy have generated revenue losses of $232 billion and have destroyed Gross Domestic Product (GDP) in the order of 642 billion dollars.

Venezuela’s Executive Vice President and Minister of Hydrocarbons, Delcy Rodríguez, said they have lost revenues of $232 billion due to these measures

The Executive Vice President and Minister of Hydrocarbons, Delcy Rodríguez, said that, since 2017, the sanctions against the Venezuelan economy have generated revenue losses of $232 billion and have destroyed Gross Domestic Product (GDP) in the order of $642 billion. These data were presented by the senior official during a master class that gave the V cohort of the Diploma on Unilateral Coercive Measures at the University of Los Hidrocarbonos. …