Venezuela is a country that has had many economic problems in recent years, having Petróleos de Venezuela, PDVSA, as one of its main actors, recorded a financial expense whose capital owed, in favor of the Russian firm ROSNEFT, amounted to a maximum of $ 3.1 billion on September 30.
On June 30 of this year, PDVSA’s debt with ROSNEFT was about 3,600 million dollars, according to what the Russian petroleum company commented in a bulletin that was published to the press. In addition, it should be noted that according to Reuters information, ROSNEFT is the largest producer of hydrocarbons in Russia.
According to Reuters, ROSNEFT lowered the amount, when the results were reported for the third quarter of this year, where tripled net profits to an approximate of 142,000 million rubles, these are approximately 2,150 million dollars, these gains were driven by an increase in crude oil production and oil prices.
In addition, the data analysis agency noted that Russia’s oil giant, which has BP and Qatar among the main shareholders, produces an approximate 40% of total Russian oil and is the key to all the efforts of Moscow to forge the links that are closest to OPEC, which is the Organization of Petroleum Exporting Countries.
Russia is not a member of the group, within the decision-making table of the OPEC board is at the level of associate, with a kind of power to have an implicit vote.
ROSNEFT also increased daily oil production during the third quarter by 3.4% per year, this was what Reuters commented from its chat.
The executive director of the IEA, the International Energy Agency, said from Cape Town that Venezuela’s crude production is at a point of free fall and that it will soon be able to decrease to less than one million barrels a day.
In the framework of an event, the official commented that the prices of the barrel of oil should not exceed the average levels of 2018, because this would be very bad for the fragile global economy that we are living.
According to information from OPEC, Venezuela is one of the main members of the group, along with Ecuador you want to join as representatives of the region, extracted last year more than 2 million barrels a day, but with the deep economic and social crisis What is happening has caused me to de- stem oil production while millions of people flee their nation. We must bear in mind that only in Peru, Venezuelan immigrants total 400 thousand people.
The senior official of the statistics and control agency told the press that about 73 dollars per barrel is the most reasonable and sustainable, adding that they should not or expect no further increases for this year, as this could not be good news