Venezuela says 'a challenge' to recover lost crude output by end 2018 6:49am EDT [Reuters]
ConocoPhillips (COP)
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Source: Reuters
Venezuela says 'a challenge' to recover lost crude output by end 2018 | Reuters 3 Min Read VIENNA (Reuters) - Venezuela has the ability to boost crude output by 1 million barrels per day (bpd) by end of the year in its bid to recover lost production, but the oil minister also said on Friday this goal would be “a challenge” for state oil firm PDVSA. President Nicolas Maduro said last month PDVSA would aim to boost oil production by 1 million bpd this year, and would seek help from Russia, China and OPEC if needed. Output has plummeted under U.S. sanctions and due to an economic crisis. “We hope that by year-end, we will have recovered the lost production, we have the capacity to do so, we’ve said so,” Oil Minister Manuel Quevedo told reporters at a meeting of the Organization of the Petroleum Exporting Countries in Vienna. “This is a goal for 2018 that is very challenging for PDVSA ... but it’s the goal we’ve set ourselves,” Quevedo said. The minister, who is also head of PDVSA, earlie
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COP
Earnings
- 2/8/24 - Beat
COP
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/17/24 - Form 4
- 4/2/24 - Form 4
- COP's page on the SEC website