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Venezuela's oil output severely decreased amid massive blackout

Gasoil News - Published on Thu, 14 Mar 2019

Image Source: sputniknews.com
Sputnik reported that Caracas blamed the US for sabotaging a major hydroelectric power plant, Guri, leading to a blackout across most of Venezuela’s states for several days. Apart from the blackout, sanctions imposed by Washington on Venezuelan oil exports have further contributed to problems in the country's energy sphere. Key Venezuelan oil company PDVSA and its partners are facing difficulties in maintaining oil extraction and production amid an ongoing blackout that has affected most of the country, Bloomberg reported, citing an anonymous senior oil ministry official. Some oil wells and plants have been brought to a complete standstill due to electricity problems, caused by an incident at the Guri power plant.

Residents cross a street in the dark after a power outage in Caracas, Venezuela, Thursday, March 7, 2019. A power outage left much of Venezuela in the dark early Thursday evening in what appeared to be one of the largest blackouts yet in a country where power failures have become increasingly common. Crowds of commuters in capital city Caracas were walking home after metro service ground to a halt and traffic snarled as cars struggled to navigate intersections where stoplights were out.

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Posted By : Rabi Wangkhem on Thu, 14 Mar 2019
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