Venezuelan oil industry recovers its previous revenue level

Mar 30, 2003 01:00 AM

President Hugo Chavez said that Venezuela was producing 3.14 mm bpd of oil, reflecting the country's "extraordinary recovery" after the strike that nearly paralysed the economy earlier this year.
State-owned oil giant PdVSA’s crude output reached 3.14 mm bpd, including 1 mm bpd of refined oil, Chavez said.

"We're already exporting gasoline again, and we're charging our international customers for past orders," Chavez said.
The oil industry "has recovered its previous revenue level," Chavez said, noting that late payments were due to the supposed loss of November's invoices, "which are being rung up" now.

Source: EFE