The President of the Republic, Delcy Rodríguez, affired that oil production has grown by 8.5% over the last 12 months, and stressed that average production reached 1,244,000 barrels of oil in October. Also, she specified that, to date, the total stands at 1,250,000 barrels produced, as she indicated this Tuesday at the Congress of the Venezuelan Confederation of Industrialists (Conindustria: «Building Opportunities», in Caracas.
Additionally, the Head of State detailed that the nation had signed 80 agreements in the oil sector until last October: «Economic recovery goes hand in hand with oil production, which translates into growth for the agro-industrial, commercial, hospitality, and metallurgical sectors, as well as other productive sectors. Many sectors are set to be activated,» Rodríguez affirmed.
Rodríguez projected over the next five years an investment of $76 billion in the oil sector, according to agreements signed with international financial institutions, which will allow the promotion of all productive sectors.
To this regard, she explained that multilateral investment in the oil sector, notably involving the U.S.-based Chevron Corporation, among others, will facilitate the development of all the country’s productive sectors, leading to the creation of more jobs through contractors and suppliers, as she assured.
«The binational industry (Chevron) is highly significant and is breaking production records every day, one of the agreements of the binational industry, and is creating more jobs,» the President highlighted.