PDVSA targets 140k bpd fuel distribution by year-end, 1.5M bpd by 2027

PDVSA president Héctor Obregón announced a year-end target of 140,000 barrels per day of fuel distribution, with a medium-term production goal of 1.5 million barrels per day by end-2027. The current distribution figure is not stated, so the implied increase is uncertain; the 2027 target is ambitious given Venezuela's chronic underinvestment and US sanctions.

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