“The government needs to invest about $15 billion per year to maintain current production (2.4 million bpd), and mounting problems will probably lead to a decline of 100,000-150,000 bpd this year, barring a meaningful recovery in oil prices or fresh loans from China in the second half of the year, scarce foreign exchange will probably force the state to default later this year, most likely in the fourth quarter.
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- Reuters 8 years ago
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"Eurasia Group Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 22 Dec. 2024. <https://www.quotes.net/citizen-quote/195080>.
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