Venezuela’s Minister of Petroleum: Venezuela produced 1,432,000 barrels daily in February

Venezuela’s daily oil output amounted to 1,432,000 barrels last month, Venezuelan Minister of Petroleum Manuel Salvador Quevedo Fernandez said.

According to Report, he said that there is still time: "We’ll see it."

The minister stressed the strengthening relations with Russia and said he planned to meet with Russian Energy Minister Alexander Novak in Moscow next month: 

"We plan to open a subsidiary of Petroleos de Venezuela in Moscow," he said.