venezuela to maintain oil at 31 mbd
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Venezuela to maintain oil at 3.1 mbd

Arab Today, arab today

Arab Today, arab today Venezuela to maintain oil at 3.1 mbd

Caracas - Xinhua

Leading South American oil producer Venezuela will maintain daily output of 3.1 million barrels of crude in 2012, a top energy official said Wednesday. The number is roughly the same to Venezuela's average daily oil production in 2011 and will help Venezuela maintain its fiscal revenues, Energy and Petroleum Minister Rafael Ramirez told the National Parliament's Finance Committee, which currently are debating the 2012 national budget. The national budget in 2012, which has already received preliminary approval of the parliament, reaches 69.264 billion U.S. dollars, a big jump of 45 percent from 2011. A total 22.8 percent of Venezuela's national budget, or the equivalent of 15.7 billion dollars, are generated by oil revenues. The numbers are made on assumptions of economic growth of five percent and inflation of 20 to 22 percent. Ramirez said that in the last 10 years Venezuela's President Hugo Chavez has used over 125 billion dollars from oil revenues for investments in social programs. The oil revenues are calculated based on an expected average minimum price of crude at 50 dollars per barrel. A founding member of OPEC, Venezuela produces an average of three million barrels of crude per day. It was the world's eighth biggest oil producer in 2009, according to the International Energy Agency.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

venezuela to maintain oil at 31 mbd venezuela to maintain oil at 31 mbd

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

venezuela to maintain oil at 31 mbd venezuela to maintain oil at 31 mbd

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday