I thought it contained interesting tidbits. For example:
- In 1998, each PDVSA employee was responsible for producing 83 barrels of oil per day on average. Today, it is 23 barrels of oil.
- Average costs per barrel have shot up from $4 to $24.
- Had we maintained production levels and other commercial conditions just like they were in 1998, in 2013 we would have increased our oil sales by a whopping $63 billion.
- PDVSA has to shell out $4 billion every year … just to pay interest on its debt, most of which was acquired during the last fifteen years. That’s roughly 10% of its annual income – not profits, income.
Read the whole thing. It paints a bleak picture of what our bread-and-butter industry has become. #PeroTenemosPatria