The Daily Journal.- Venezuela’s oil production has surpassed 1.23 million barrels per day (bpd), reaching its highest level since February 2019, acting President Delcy Rodríguez reported. “Amid the emergency, our oil production did not stop. Today, it exceeds 1.23 million barrels per day, its highest level since February 2019,” Rodríguez said in an address to […]
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The Daily Journal.- Gasoline production in Venezuela has reached a strategic milestone of at least 100,000 barrels per day, according to recent data from the hydrocarbons sector. This figure marks significant progress for PDVSA and helps stabilize the country’s energy supply. According to sources at the Ministry of Hydrocarbons, this production level “makes it possible […]
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The Daily Journal.— U.S. Deputy Secretary of Energy Kyle Haustveit revealed that the United States currently receives more than 500,000 barrels of oil per day from Venezuela, representing nearly 50% of the South American country’s total production. “In recent months, we have seen more than 500,000 barrels, roughly half of Venezuelan production, exported to the […]
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The Daily Journal. — Héctor Obregón Pérez, president of Petróleos de Venezuela (PDVSA), said the state-owned oil company has maintained a continuous investment plan since 2024 aimed at restoring its processing facilities to independently meet the country’s entire demand for gasoline and diesel. As a result, Venezuela’s refining system currently has a capacity of 350,000 […]
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The Daily Journal.- Venezuela’s oil production averaged 1.2 million barrels per day in July, up 1.09% from June, according to official figures cited by the Organization of the Petroleum Exporting Countries (OPEC) and reported by EFE. Output rose from 1.187 million barrels per day in June to 1.2 million in July, according to OPEC’s monthly […]
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The Daily Journal.— The United Nations Development Program (UNDP) projects that Venezuela’s Gross Domestic Product (GDP) will grow by approximately 6.5% by the end of 2026, supported by stronger oil activity and greater access to private capital, even as the country faces estimated inflation of 385%. The multilateral organization presented the estimate in its Venezuela […]
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The Daily Journal.- Rebuilding Venezuela’s energy infrastructure, which has suffered severe damage from corrosion and years of accumulated deterioration, will require multibillion-dollar investments that industry estimates place between US$100 billion and US$220 billion. Economist Francisco Monaldi, director of the Latin America Energy Program at Rice University’s Baker Institute for Public Policy, estimates that the minimum […]
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The Daily Journal – The Venezuelan government held a strategic working session in Caracas with representatives of the African Energy Chamber (AEC) to explore joint investment opportunities and strengthen the country’s oil and natural gas industry. Acting President Delcy Rodríguez led the meeting alongside Minister of Hydrocarbons Paula Henao and PDVSA President Héctor Obregón. NJ […]
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The Daily Journal — Venezuela’s Supreme Tribunal of Justice (TSJ) has ordered Halliburton Servicios de Venezuela, S.A. to resume its productive operations through a precautionary measure issued in Ruling No. 327, corresponding to Case No. 2026-006. The decision follows a request filed by the company’s legal representatives on March 24, 2026. The ruling instructs the […]
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The Canadian company said it is working with U.S. partners to acquire stakes in joint ventures and develop new production agreements following the lifting of U.S. sanctions. The Daily Journal – Canadian company New Stratus Energy (NSE) announced that it is negotiating the acquisition of stakes in joint ventures with Petróleos de Venezuela S.A. (PDVSA) […]
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