Oil production in Venezuela 2008-2021

Published by Jessica Aizarani, Mar 2, 2023
Venezuela's oil production has plummeted in the past decade, dipping below 700 thousand barrels per day in 2021. This represents less than one fourth of the country's production in 2010. Venezuela is amongst the countries with the largest oil reserves worldwide.

Oil production in Venezuela from 2008 to 2021 (in million barrels per day)

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Source

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Release date

June 2022

Region

Venezuela

Survey time period

2008 to 2021

Supplementary notes

Figures include crude oil, shale oil, oil sands, condensates and NGLs.
Figures have been rounded.
This statistic was compiled using several releases of the publication.

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Overview

6

Foreign trade

6

Reserves and production

5

Refining

3

Consumption

3

Further related statistics

19

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Topics

Oil industry in Latin AmericaOil industry worldwidePetrobrasPemexOil industry in Venezuela
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