CARACAS - Venezuelan Vice-President Delcy Rodriguez said Thursday that Washington's decision this week to revoke the so-called licenses of transnational companies operating in the South American country has had no impact on oil production.

"PDVSA (the state-owned oil company) workers maintain their production plan," Rodriguez said. Though the US Department of the Treasury revoked licenses from transnational oil companies operating in the country on May 27, the oil fields are producing as planned.

"Both PDVSA and Partner B (transnational corporations) are victims of unilateral coercive measures," or sanctions, and the so-called licenses "are not recognized by the Venezuelan legal system," said the vice president.

"We maintain and respect the production agreements signed with them. If they are not there, our workers are there producing," she said.

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The vice-president made the remarks at Fedeindustria Expofair, a trade show put on by the Venezuelan industrial association, where she offered an overview of the country's economic situation.

According to Rodriguez, Venezuela has already surpassed 1 million barrels of crude oil production, and the trend continues.