Oil and Gas in the Capitals ///

Serious hurdles for Chavez reelection bid: Illness, output decline and blackouts. Venezuela is facing serious problems in the oil and gas sectors, along with constant electricity blackouts. According to the Ministry of Energy and Petroleum, crude oil production dropped last year to 2.78 million bpd, the lowest level since a strike at PDVSA reduced production between 2002 and 2003.

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