U.S. envoy says Venezuela oil production dropping steadily


  • World
  • Saturday, 16 Mar 2019

FILE PHOTO: An oil pumpjack and a tank with the corporate logo of state oil company PDVSA are seen in an oil facility in Lagunillas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia/File Photo

WASHINGTON (Reuters) - The U.S. special representative for Venezuela said on Friday that Venezuela's oil exports have been dropping steadily by roughly 50,000 barrels per month and production is likely to dip below a million barrels a day within a "month or two."

"They are heading down toward a million now, and in a month or two will be below a million" barrels per day, U.S. envoy Elliott Abrams told a news briefing, adding that the decline seen in recent days could partly be attributed to the blackouts that had crippled the country. "It's a steady decline."

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