economy
enero 27, 2026
Executive considers strategies to boost oil production by 2026
The acting president of the Republic, Dr. Delcy Rodríguez, led a high-level working meeting this Sunday with the vice ministers of hydrocarbons and the board of directors of Petróleos de Venezuela (PDVSA).
TL;DR
- Meeting held to evaluate and enhance the 2026 energy sector production plan.
- Focus on well recovery and optimization of national refineries to guarantee energy sovereignty.
- Commitment to recovering crude oil extraction and processing levels is unwavering.
- Administrative efficiency and technological innovation identified as key tools for exceeding production goals.
- Reviewed progress in logistical infrastructure for hydrocarbon activity.
- Partial reform of the Hydrocarbons Law, approved in its first reading, aims to attract international investment.
- Reform seeks to protect natural resources and ensure exploitation benefits the Venezuelan people.
- Export of fuel scheduled for 2026 is maintained, with the first natural gas export contract announced.
- Venezuela reached 1.2 million barrels per day production by the end of December 2025.
- No fuel imports were necessary in 2025 due to the national refining system's functionality.
- Productive Participation Contracts (CPP) showed success, with one field increasing production significantly.
- Strengthened PDVSA is aligned with the 7 Transformations (7T) and the Plan de la Patria.
- Hydrocarbons sector positioned as the central axis of national development for the current year.
- Commitment reaffirmed to meet expansion targets and monitor shared investment projects.
- Oil industry identified as the heart of the country's economic resilience.