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Venezuela will produce an average 3.1 million barrels per day (bpd) of oil in 2014, roughly similar to this year, Finance Minister Nelson Merentes said on Wednesday.
Venezuela's oil production has been stagnant in recent years; though it is hoping new projects in the Orinoco heavy crude belt will help increase output. International agencies put Venezuela's production lower than the government's statistics.
Exports from the South American member of the Organization of the Petroleum Exporting Countries should average about 2.5 million bpd next year, Merentes also told a parliamentary commission. Officials say Venezuela has said it plans to produce 6 million bpd of oil by 2019.
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