Venezuelan oil production is projected at 2 million barrels per day by 2025

Published at: 09/10/2024 04:26 PM

The director of the Latin American Petroleum Association in Texas, Alejandro Terán, said that Venezuela will reach two million barrels a day at the end of 2025, according to projections, while by the beginning of the same year, the country will record a production of one million and a half hundred thousand barrels.

“Venezuela has an installed capacity of four million 200 thousand barrels. With policies that are being implemented, they are going to allow us to be at one and a half million barrels next year and close next year the two million barrels,” Terán said in an interview with a local media outlet.

He stressed that the appointment of the Executive Vice President of the Republic, Delcy Rodríguez, as Minister of Popular Petroleum Power has been positive for the sector, stating that she has felt “since the beginning of operations the new dynamics of oil work and the correct decisions that are being taken in alliances, openings and services.”

With reference to the unilateral coercive measures imposed by the United States against the Venezuelan oil industry, the expert predicted that “the U.S. government is going to lower those sanctions, on the one hand, they say one thing, but, on the other hand, they are doing others de facto.”

Mazo News Team