Video: Venezuela's oil revenues plunge sharply

Mon 04 Jul 2016 12:27 PM GST
Venezuela's state oil company says its revenues have fallen by forty-one percent in the past year.

It follows a steep drop in global oil prices that has contributed to an economic crisis in the South American nation. The country's recession and triple-digit inflation has caused concern it may not be able to honour its large debts.

(Al Jazeera English YouTube channel)