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Latin Times
Latin Times
National
Demian Bio

Venezuelan Regime Reportedly Shutting Wells After Running Out Of Storage Space Due To Trump Blockade

The Venezuelan regime has begun shutting oil wells as it runs out of storage facility due to the blockade of sanctioned tankers imposed by the Trump administration, according to a new report.

Bloomberg detailed that Caracas is seeking to reduce production in the Orinoco Belt by at least 25% to half a million barrels a day. The figure amounts to 15% of the country's daily output of 1.1 million of barrels a day.

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