Venezuelan oil production boosted - president

Strike-paralysed Venezuela – which has been partly blamed for rising oil prices – is now managing to produce 1.32 million barrels of oil per day, Venezuelan President Hugo Chavez said today.

Chavez, who is in Porto Alegre to participate in the World Social Forum, told reporters Venezuela should manage to boost production to 2.7 million barrels within a month. He said that amount was what OPEC has determined the country should produce.