Arab Today, arab today venezuela to maintain oil at 31 mbd
Last Updated : GMT 16:46:05
Arab Today, arab today
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*

Arab Today, arab today venezuela to maintain oil at 31 mbd Arab Today, arab today venezuela to maintain oil at 31 mbd

 



Arab Today, arab today

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*

Arab Today, arab today venezuela to maintain oil at 31 mbd Arab Today, arab today venezuela to maintain oil at 31 mbd

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday