PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Venezuela’s president Nicolás Maduro Moros said his country’s petroleum sector grew 14% in 2024 amid ongoing US sanctions aimed at toppling his government.
“The petroleum sector with its own lungs, its own technology, its own capital, grew 14% and surpassed the 1 million barrel [per day production mark],” Maduro said 15 Jan. 2025 during a TV broadcast of his annual presentation to Venezuela’s National Assembly.