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)
Characteristic
Production in million barrels per day
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Energy Institute. (June 20, 2024). Oil production in Venezuela from 2008 to 2023 (in million barrels per day) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/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 August 24, 2024. https://www.statista.com/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: August 24, 2024. https://www.statista.com/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/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/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/ (last visited August 24, 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/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/