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Venezuelan Oil Production: No Recovery In Sight

Oil & Gas / Venezuela / Thu 24 Jan, 2019

Key View

  • Venezuelan total liquids production will remain in decline over 2019. We expect output will fall by 30.0% y-o-y to an average rate of 1.02mn b/d, a loss of 430,000b/d.
  • The inauguration of President Maduro's second term will continue the administration's nationalist stance toward the oil sector. Increased potential for regime change
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