PDVSA’s 2024 Strategy – Revitalizing Venezuela’s Oil Sector

INSUBCONTINENT EXCLUSIVE:
efficiency and production, led by Minister Tellechea and key management figures.Their objective is not only to increase output but also to
(Photo Internet reproduction)The company reported earnings of $6.230 billion in 2023, indicating financial and operational recovery.The Vice
profitability for the oil industry, going beyond just fixing past issues.PDVSA set ambitious targetsAs of 2023, with new management, PDVSA
set ambitious targets to elevate crude production to 1.17 million barrels per day by the end of the year.This target marks a notable rise
from over 800,000 barrels per day in April 2023, the first time production exceeded this level in over a year.PDVSA targets a significant
increase in oil and gas production, aiming for a daily boost of 390,000 barrels of oil and 645 million cubic feet of gas.This increase is