China Concord Resources Elevates Oil Production in Venezuela
Published on: Sept. 4, 2025, 9:51 p.m. | Source: Devdiscourse
China Concord Resources Corp has delivered a new floating facility to enhance crude production at a $1 billion project in Venezuela's Lake Maracaibo. CCRC aims to boost output in two key oilfields to 60,000 barrels daily by next year in the U.S.-sanctioned nation.
