Venny “Tar” Production Increases

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Secondary sources report that Venny production is at 735 kbd (governement reported 819 kbd). Igual no hay gasolina.

“We’re buying tar from Venezuela and we’re refining it in Houston, probably worst oil in the world, and we’re refining it”
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MOSCA: 829.1 kbd is the number reported by the government. Production is growing, but the government is inflating the number by almost 90kbd.

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Oil for nothing?

#CARIBBEAN: CARICOM leaders have asked the United States to lift its sanctions against #Venezuela so as to allow regional countries to benefit from the PetroCaribe initiative. pic.twitter.com/GqVGKZCEhp
— CaribbeanNewsNetwork (@caribbeannewsuk) June 10, 2023

Not really. Years of horrible voting at the OAS and the UN regarding Venezuela suggest that Petrocaribe doesn’t get the oil for free. That we don’t like the currency is another story.

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