Venezuela's oil production has plummeted in the past decade, dipping to around 85 thousand barrels per day in 2023. This represents around 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 2023
(in million barrels per day)
This report was previously published by BP.
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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Energy Institute. (June 20, 2024). Oil production in Venezuela from 2008 to 2023 (in million barrels per day) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
Energy Institute. "Oil production in Venezuela from 2008 to 2023 (in million barrels per day)." Chart. June 20, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
Energy Institute. (2024). Oil production in Venezuela from 2008 to 2023 (in million barrels per day). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
Energy Institute. "Oil Production in Venezuela from 2008 to 2023 (in Million Barrels per Day)." Statista, Statista Inc., 20 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
Energy Institute, Oil production in Venezuela from 2008 to 2023 (in million barrels per day) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/ (last visited November 10, 2024)
Oil production in Venezuela from 2008 to 2023 (in million barrels per day) [Graph], Energy Institute, June 20, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/
