The Minister of Petroleum, Pedro Tellechea, chaired a meeting with the board of directors of PDVSA Gas to analyze strategies that allow the country to strengthen the gas sector.

During the meeting, in the city of Anaco, Anzoátegui state, Tellechea took stock of the “productive and operational processes that are fundamental to continue strengthening recovery and growth in the face of illegal sanctions,” as highlighted in his account on the social network X.

Desde el estado Anzoátegui realizamos una importante reunión de balance con la Junta Directiva de PDVSA, donde revisamos la consolidación de procesos productivos y operativos fundamentales para seguir afianzando la recuperación y el crecimiento frente a las sanciones ilegales. https://t.co/xCQCO2W9Al

— Rafael Tellechea (@TellecheaRuiz) May 21, 2024

Likewise, the operational forests and objectives for this year were analyzed; “hiring plans and performance indicators, with the purpose of complying with strategic actions towards achieving objectives.”

The executive vice president of PDVSA, Héctor Obregón, also participated in this meeting; the vice president of Gas and president of Pdvsa Gas, Luis González; the vice minister of Gas and director of Offshore, Paula Henao; and the vice president of Pdvsa Gas, director of Processing, David Molina Ortiz; and other members of the Board of Directors of Petróleos de Venezuela S.A. (PDVSA).

Venezuela’s proven gas reserves amount to 195 trillion cubic feet. This figure places the South American nation in ninth place worldwide.

In this sense, President Nicolás Maduro’s recovery plan “includes optimizing processes and evaluating new perspectives in order to increase proven reserves and promote the country as a safe provider of clean energy, highlighted the PDVSA team.”

M.Pino

Source: ultimasnoticias

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Oil production in Venezuela went from 630,000 barrels per day to more than 850,000 since January 2023. This was reported by the president of PDVSA and Minister for Oil, Pedro Tellechea.

The figures indicated by the Venezuelan official represent a 43 % increase in crude oil production by the South American country. The fact is considered a positive sign for the nation and for the industry.

Tellechea indicated: “The hope for this month (June) is that we are going to close at almost 900,000 barrels per day; So, yes, we are working”.

It was also known that the oil production plan proposed by the minister is to reach one million barrels per day by next August.

Regarding the production of natural gas, the estimate is 4,035 million cubic feet per day and that of natural gas liquids (NGL) is 56,000 barrels per day.

M.Pino

With information from national media

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Venezuela’s oil exports experienced an 8 % drop at the end of January, as reported by Reuters, as a result of contract reviews requested by the new PDVSA president, Pedro Tellechea.

The new manager ordered in January to suspend “most export contracts for crude oil and refined products to submit them to audits, a measure to prevent ships from setting sail before completing payments for shipments.”

The measure caused serious delays in cargoes, which extend to filling in ports, in addition to reducing the list of authorized clients to a minimum of participants in “oil swaps and debt payment agreements with Venezuela.” The list includes Cubametales, Naftiran Intertrade Company of Iran and the oil companies Chevron and Eni, of Italy.”

Exports in February of the Venezuelan state PDVSA and its affiliates were estimated at 555,250 bpd of crude and fuel, destined mainly for China (70 %). Which reveals a drop of 8 % compared to January, in addition to being the lowest since mid-2022.

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Source: finanzasdigital

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La entrada Oil exports fell 8 % in January apareció primero en Bitfinance.