Author: Kyle

Venezuela’s Oil Industry Is Doing About As Well As It Has Been In Years

Venezuela’s Oil Industry Is Doing About As Well As It Has Been In Years

Nicolás Maduro Fast Facts:

Nicolás Maduro is the President of Venezuela.

Nicolás Maduro has been the president of Venezuela for the last 10 months.

He was sworn in as acting president of Venezuela on January 23, 2017.

Venezuela declared itself a socialist state on April 11, 1958.

Venezuela’s constitution was adopted on May 30, 1999.

As of April 23, 2017, Venezuela has a population of around 23 million citizens.

According to the 2010 census, Venezuela had an area of 513,054 square kilometers or about 1.05 million square kilometers.

Venezuela’s population has undergone a large population growth through the years. The population increased from 2.6 to 5 million during the 1950’s. The government of Nicolás Maduro has stated that this population growth is for a variety of reasons. Those reasons, according to the president, are: the need for medical assistance, the reduction of crime, and better health care.

Venezuela’s GDP has been growing at a moderate rate of 2.6% since 2010.

The country’s oil industry has seen a downturn in oil production.

According to the Venezuelan government, Venezuela’s oil industry is doing about as well as it has done in years.

As of December 22, 2016, Venezuela had about 11 billion barrels of oil on its reserves. According to the oil industry, Venezuela’s oil reserves are in a declining state. This is a common concern when talking about oil reserves. They say that Venezuela’s reserves will decline to 7 billion barrels by 2025.

The president of Venezuela has stated that the decline in Venezuelan oil reserves is due to the fact that the oil industry is experiencing difficulties.

According to the president, Venezuela’s oil industry is working to become profitable again.

Venezuela has seen a sharp decline in inflation according to the latest reports. In 2016, the inflation rate in the country was at 50.3%.


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