Venezuelan oil production fell off a cliff starting around 2015 and has only recovered to a third of what it was then. It will take years to build industry there back up, so it won’t do much right now. However, once it is built back up, it will be a major exporter again.
Venezuelan oil production fell off a cliff starting around 2015 and has only recovered to a third of what it was then. It will take years to build industry there back up, so it won’t do much right now. However, once it is built back up, it will be a major exporter again.
TBF 2015 is when the US started sanctioning.