Oil businessmen propose to Pdvsa to implement a plan to increase gas production in Monagas
Eduardo Rivas, director of the Chamber of Commerce of Monagas, reported that the guild requested Petróleos de Venezuela S.A. (Pdvsa) to develop a plan to increase natural gas production in the entity. Rivas pointed out that the implementation of a plan would boost international investment. 'Let Pdvsa focus on finding the necessary investors to control and sell the much-needed gas. That would be a big step,' he said.
TL;DR
- The Chamber of Commerce of Monagas requested Pdvsa to develop a plan to increase natural gas production.
- This plan is expected to drive international investment.
- The guild also proposed exploring for light crude in the entity.
- Light crude could be blended with heavy oil to facilitate commercialization.
- Increased production and exploration are anticipated to generate jobs and improve basic services.