Venezeula Oil Output to Go Back to 3.3 Mln Bpd in 4 Months – Minister

Energy and Oil Minister Rafael Ramirez said that production in the western part of the country will be sorted within four months, enabling Venezuela’s oil output to go back to the 3.4 mln barrel per day level.

Problems at production sites in the western part of Venezuela have led to an output shortfall of 100,000 barrels per day.

On Wednesday, President Hugo Chavez said sabotage was the cause for the production shortfall.

Forbes