According to Asdrúbal Chávez, Commerce and Supply CEO for the Venezuelan state owned oil company (Pdvsa), this corporation has increased its average exports of crude oil and oil products to 2.7 million barrels per day so far this year. These figures include the 330,000 barrel yield by the Strategic Associations operating in the Orinoco Belt, Pdvsa’s own production, and that of the Operational Agreements.

“Our crude exports average 2 million., and our exports in products are 700,000 barrels per day, for a total of 2.7 million”, Chávez explained.

He indicated that “when we calculated our exports on prior occasions, we hadn’t added the production from the Strategic Associations”.

Chávez, affirmed that the level of exports is consolidating at over 3.1 million barrels per day of crude oil produced by the oil industry.

Regarding the corporation’s Business Plan, Chávez affirmed that after the recovery of the oil industry in the year 2003, the corporation has advanced towards the expansion of all the areas of the oil business.

According to the 2004-2009 plan, oil production will increase to 5 million barrels per day by the end of the period, with the purpose of maximizing the value of natural resources.

Published in Quantum No.35