Oil production recorded an increase of 9.3% in 2023
Venezuela produced last year an average of 783,000 barrels of oil per day, according to a report by the Organization of Petroleum Exporting Countries (OPEC), which means an increase of 9.3% with respect to 2022 when production stood at 716,000 bpd.
According to the multilateral organization, in December, production was 802,000 bpd, which shows a slight increase compared to November, when Venezuela produced 801,000 bpd.
The report reveals that August reflected the highest level of production (820,000 bpd), while the 704,000 bpd produced in February was the month of lowest production.
During his annual message, the President of the Republic, Nicolás Maduro, revealed that oil activity increased in the third quarter of 2023 by 12.99%, achieving by the close of 2023 an increase in oil exports of 60.46%.
“PDVSA closed 2023 with an income of 6.23 billion dollars”, informed the head of state in his report.
Source: ultimasnoticias.com.ve
President Maduro Presents Annual Report to Venezuelan People
On Monday, President Nicolas Maduro attended the National Assembly (AN) to deliver his annual message to the nation. In his presentation, the Bolivarian leader emphasized the achievements of his administration in 2023 amid the “economic genocide” caused by U.S. sanctions against the Venezuelan people.
“Venezuela is one of the 19 countries whose economic and human rights have been illegally violated by the United States every day for nine years,” he declared.
“For this reason, each of the results obtained, each goal achieved, must carry the label ‘made, in times of war and imperialist blockade’,” Maduro expressed, adding that Washington has taken steps in the lifting of some sanctions, but “our objective is the lifting of all sanctions” because Venezuela is not a colony that “is satisfied with permits.”
“Due to the sanctions, Venezuela stopped producing 3.9 billion barrels of oil and lost US$323 billion,” said the Bolivarian president.
Between 2015 and 2022, the economic war generated substantial losses to the Venezuelan economy, producing a reduction in gross domestic product (GDP) of US$642 billion. In that period, oil production fell from 2.5 million to 339,000 barrels per day, which implied a drop of 87 percent.
In 2023, the U.S. and its allies maintained sanctions that prevented the Venezuelan nation from purchasing medicines, supplies and equipment for the provision of public services.
“Due to the threat of sanctions, any international financial transaction carried out by the Venezuelan government remains at risk of being detained,” Maduro recalled.
Source: Telesurenglish.net
US Blockade Means Economic Genocide- Venezuelan Vice President Delcy Rodriguez:
Venezuelan Vice President Delcy Rodriguez was invited by the teleSUR program Conexión Global to analyze the report to the nation that President Nicolas Maduro made in the National Assembly (AN) on Monday.
One of the most notable aspects of the presidential message was the characterization of the economic blockade imposed by the United States against the Venezuelan people “as an authentic economic genocide,” Rodriguez said, emphasizing that workers are the most affected by this criminal policy.
More specifically, the Bolivarian Vice President explained that the system of financial and trade sanctions implemented by the United States and its allies prevents her country from accessing the Swift system, which is used for international monetary transfers.
As a result of the above, the Venezuelan state cannot make payments abroad or receive payments from abroad. This deliberate financial isolation affects the Venezuelan people’s development and well-being.
However, “despite the blockade that remains in force, Venezuela left no one behind in 2023. We continue to rebuild our model of inclusive economy and social protection,” she said.
Source: Telesurenglish.net
Vice President Delcy Rodriguez- US Blockade Affects Venezuelan Maritime Transport:
Venezuelan Vice President Delcy Rodriguez held a meeting with the Secretary of the International Maritime Organization (IMO), Arsenio Dominguez Velasco, in London.
During the meeting, she stated that 39 ships belonging to the state-owned Petrolium of Venezuela (PDVSA) and 30 merchant vessels remain affected by the U.S. sanctions.
“This blockade is aimed at strangling Venezuela, which is the world’s fourth country with the highest number of sanctioned vessels,” Rodriguez said and highlighted some consequences of the economic blockade against her country.
“Between 2015 and 2022, the country lost almost 4 billion barrels of oil production, which is equivalent to a decrease in income of about US$323 billion. When calculating the total losses to economic activity in Venezuela, however, the impact reaches US$642 billion.”
The U.S. and its allies have attempted to economically strangle Venezuela with over 900 restrictive measures that are still in effect. Their consequences also impact low-income countries such as Haiti, which used to receive Venezuelan fuel on advantageous terms through the Petrocaribe program.
“In addition to being an international outcry, the lifting of the blockade against Venezuela is a right of our people,” said Rodriguez from London.
The Venezuelan VP and Dominguez Velasco discussed the current situation of maritime transport and the influence of global climate change on international trade.
Source: Telesurenglish.net
