Venezuela's state-run oil company PDVSA said on Friday it would install 20 ...
FILE PHOTO: The corporate logo of the state oil company PDVSA is seen at a gas station in Caracas, Venezuela, January 29, 2019. REUTERS/Andres Martinez Casares
In a statement, the company said the generators had a total capacity of 50 megawatts and would “increase the stability of service for the extraction of daily barrels” at fields operated by Petroboscan, a joint venture between PDVSA and Chevron, which owns a 39 percent stake, in western Venezuela. The South American country’s oil output fell to under 1 million barrels per day in March, a drop of almost 500,000 bpd from the prior month due to the blackouts and the impact of U.S. sanctions. Most of PDVSA’s operations depend on electricity supply from the national grid.
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