Venezuela partially halts oil production due to blackout

In Venezuela, oil production was partially stopped due to massive power outage in the country.

Report informs citing the RIA Novosti that the due statement came by a senior official of Venezuela’s Oil MInistry.

Earlier it was reported that the power outage led to serious problems with water supply and telephone in Caracas.

According to Consultant Energy Aspects Ltd, Venezuelan oil production had fallen temporarily to as low as 500,000 barrels a day, more than 50 percent below 1.1 million barrels a day that the nation pumped in January. "Operations halted at main facilities, reducing output of main synthetic grades and blended Merey to almost zero," Agency told to its clients.