Venezuela's Oil Minister: Venezuela's crude oil production reaches 1.2 million barrels per day, a multi-month high.

Venezuelan Oil Minister Hctor Obregn, during an inspection of the Nabep oil field in Zulia State, said the country's crude oil production has reached 1.252 million barrels per day, the highest level in several months. He was accompanied by Nabep CEO Alejandro Betancur and a U.S. government delegation. Petrleos de Venezuela and U.S. officials, together with Betancur, inspected the Bachaquero oil field operated by Nabep in Zulia State. Betancur said Nabep's production in Zulia hit a record last Friday, reaching 115,000 barrels per day. U.S. Ambassador to Venezuela John Barrett said: This is a significant agreement, and we are very honored to work with all of you. We are reshaping the energy landscape and are satisfied with the current results. Obregn disclosed that Petrleos de Venezuela plans to restart a natural gas liquids processing plant to process oil and gas produced from Zulia fields for export and to boost liquefied petroleum gas output.