Venezuelan oil output hits 2.35 million bpd

Oil production in Venezuela dropped 40,000 bpd in April, according to the International Energy Agency.

Therefore, Venezuelan oil output in April averaged 2.35 million bpd.

The Paris-based organization said migration of four strategic partnerships operating in heavy crude oil Orinoco belt to joint ventures where the Venezuelan state holds a majority stake has resulted in “uncertainty.”

ElUniversal