THE INFLATED ESTIMATES OF THE 2022 BUDGET LAW
In an optimistic scenario with the Venezuelan hydrocarbons industry consolidating an oil crude production averaging about 800,000 barrels per day for 2022 at an average price for the Venezuelan basket of 60 US$/bl, and with a domestic consumption of 75,000 barrels per day, the total oil export revenues would amount to US$ 16.42 billion. If this happens, the resources contributed by the industry would represent 50% of the export gross revenues.
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