OPEC: Venezuela's oil output drops 2.42%
Production in August stood at 2.77 million barrels per day
In its monthly report, OPEC states Venezuelan oil output in August averaged 2.77 million barrels per day, descending 2.42% with respect to a year earlier when output hit 2.84 million barrels.
Compared to July this year, oil output increased 0.69% to 19,000 barrels per day.
In August 2013, Venezuela made up 8.63% of OPEC total output, a slight fall as against August 2012.
Translated by Jhean Cabrera
Around 1.5 million Venezuelans have decided to emigrate in search of a better future for their families. The figure accounts to between 4% and 6% of the overall population. Approximately 88% of these expatriates have made up their mind to emigrate over the last 15 years.