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Venezuelan oil output now well short of Maduro's lofty 2022 target

By Carlos Seijas Meneses Caracas, Aug 25 (EFE).- Venezuelan oil production, which has fallen by 28 percent since last December after briefly recovering in the latter part of 2021, is slipping farther away from President Nicolas Maduro’s target of 2 million barrels per day by year’s end. An increase of 218 percent above July’s level … ....

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U.S. oil services firms join push for revamped Venezuela license | Hellenic Shipping News Worldwide

Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly ramp up production capacity beyond 1 million barrels . ....

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