With the administration of United States President Joe Biden still showing no sign of a major change in policy in the matter of Washington’s sanctions that continue to significantly compromise the volumes of Venezuela’s oil exports, the administration of Venezuelan President Nicolas Maduro continues to slip the strictures by seeking new ways of both boosting the country’s oil production and its oil sales in an effort to restart the country’s beleaguered economy.
Last week, a report filed by international oil and gas news source, Rigzone, disclosed that the country’s state-owned oil company, PDVSA, was targeting the near tripling of its oil output this year, having moved to acquire significant supplies of a hydrocarbon known as condensate said to be crucial to the country’s efforts to significantly ramp up the volumes of its oil production in 2021.
