CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 20.Jul.2026, Words: 137) â Venezuela is producing around 1.2 million barrels per day (b/d), according to state owned PDVSA.
“Recovery and stabilization of national oil production is the result of a policy focused on operational strengthening, leveraging the experience of the workforce and partnership models designed to attract new investments,” the Caracas-based company said in an official statement.Â