Venezuela plans long-term boost in oil output

http - August 6th, 2011

IAN JAMES Associated Press CARACAS, Venezuela Venezuela's top energy official said the government is making progress on long-term plans to dramatically boost oil output and is also aiming to diversify an economy that remains heavily reliant on oil wealth. Energy Minister Rafael Ramirez said Friday night that the country aims to increase production of heavy crude in the eastern Orinoco River

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http - August 6th, 2011