The Venezuela oil production It has fallen to levels not seen since the late eighties. The latest report Organization of Petroleum Exporting Countries (OPEC), From information supplied by the regime Nicolás MaduroIt reveals that the largest decline occurred in October in 2017. Crude oil production 1.955.000 bpd, down 130,000 barrels a month and only 361,000 were extracted in a year. The figure largely explains the complications that crosses the local economy. Oil provides 96% of foreign exchange.

This tailspin due to three factors: disinvestment, currency distortions and the inexperience of management who holds the reins of state PDVSA. The production figure could be lower even if the numbers attending the International Energy Agency, which calculates the Venezuelan oil production at 1,863,000 barrels per day.

In the late nineties, at the time of the maligned oil opening, PDVSA was producing 3.2 million barrels of oil a day. But later unemployment in the industry between 2002 and 2003, que buscaba la renuncia del entonces presidente Hugo Chávez, y que, al fracasar, culminó con el despido de unos 20.000 trabajadores, la competitividad de PDVSA disminuyó. La gerencia involucrada en la paralización fue sustituida por personal leal al régimen chavista, pero escasamente preparado para trabajar en la industria. Además, la reinversión de parte de los ingentes beneficios se fue reduciendo paulatinamente, embarcado como estaba el chavismo en operaciones políticas, y los equipos quedaron más y más desfasados. Las principales refinerías del país no operan hoy a plena capacidad.

All in a context of decline in the oil price, which has hindered the government of Nicolás Maduro used to paying with crude contracting services abroad. As a result, the regime can be placed on the market much less production pumping. OPEC's announcement comes after the arrest of a Venezuelan deputy and nine directors of PDVSA for alleged disruption of oil production figures.

The attorney general appointed by the National Constituent Assembly, Tarek William Saab, calculó un daño patrimonial de 1.156 millones de dólares (979 millones de euros). Unas revelaciones que confirman lo que siempre denunciaron exgerentes de la petrolera: que el Gobierno producía mucho menos de lo que declaraba. “Ese maquillaje de cifras se dio a partir de 2014, en el cual se causó un daño patrimonial grave que afectó a la industria y la economía nacional”, explicó. Y agregó: “Se produjo un pago de regalías al Estado e impuestos por el crudo contabilizado, pero no producido, que alcanzó un estimado de 266 millones de dólares”.

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