Generic Hero BannerGeneric Hero Banner
Latest Market News

US condensate helps Venezuela output rise: Sources

  • : Condensate, Crude oil
  • 26/02/10

Venezuela's crude production rose slightly in January to 1.16mn b/d, industry sources tell Argus, the same month a US military intervention captured the country's former president Nicolas Maduro.

The January figure includes liquids and condensates from production, including greater volumes of condensate from US sources used to make the heavy crude easier to transport, an official with a US company in Venezuela told Argus. Regional production details were not provided.

Venezuelan gas industrial association Avpg said this week that January production was 1.14mn b/d.

The Venezuelan energy ministry, which reported December output of about 1.12mn b/d, declined comment on the production reports. The government typically reports production figures mid-month.


Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more