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The US forecast a decline in oil production in Venezuela below one million barrels per day



The United States expects Venezuela's oil production to fall below one million barrels a day (b / d) in one or two months, the US Special Representative for the Venezuelan Depression Elliott Abrams said on Friday.

"The production drops by about 50,000 b / d per month, so now they fall to a million, and in a month or two will be under one million," he told reporters, stressing that Venezuela "exported more than 3 million barrels per day."

Abrams said that the decline in production is "very constant", even ignoring the impact of a huge power failure, which had an impact on the operations of the state-owned PDVSA oil company, which is crucial for its economy.

Oil production in Venezuela, which for a long time was low due to low investment, lack of maintenance and management problems, was questionable after a breakdown last week.

The International Energy Agency (IEA) said on Friday that the operations were "seriously disrupted" and warned that "the current large losses may be difficult for the market".

Abrams said it could happen, but he denied that the US PDVSA sanctions, which will come into force on April 28, have something to do with reducing production.

"Our sanctions had nothing to do with their fall from 3 million b / d to 1 million b / d. But it would certainly be better from the point of view of democracy and human rights, as well as from the point of view of the economy and the oil sector, if the regime is over – said the diplomat.

The United States, which promotes Nicolás Maduro's exit from power, considering his "unlawful" re-election, imposed penalties on PDVSA at the end of January, which will act as a real embargo against Venezuelan oil.

According to an OPEC report published on Thursday, oil production in Venezuela fell in February, before blackout, by 142 thousand. Barrels a day to just over 1 million b / d.


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