A few days ago I read PDVSA and Russia´s Rosneft had signed another agreement which commits Rosneft to invest $14 billion in Venezuela´s oil industry. After the deal was signed, President Maduro boasted it would allow Venezuela to double its oil production.
Maduro shakes hands with a Russian one more time
I´m not sure if Maduro was lying, or if he so stupid he believes the lies PDVSA managers tell him, because the amount of money involved isn´t enough to let the Rosneft partnership produce even 15 % of what Venezuela produces today. One would think by now Maduro would know better. Maybe it´s a little bit of this and a little bit of that: he was lying, and he also believes the lies Eulogio del Pino and other PDVSA managers tell him, which confirms he´s pretty stupid given that oil generates most of the hard currency income his regime needs to stay barely alive.