Venezuela - U.S. Energy Information Administration (EIA)
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Venezuela  

Country Analysis Brief ›

  • Venezuela contains some of the largest oil and natural gas reserves in the world. It consistently ranks as one of the top suppliers of U.S. oil imports and is among the top ten oil producers in the world.
  • Venezuela was the world’s eleventh-largest net oil exporter in 2009.
  • Venezuela has the second-largest natural gas reserves in the Western Hemisphere.
  • Like most South American countries, Venezuela depends upon hydroelectricity for the bulk of its electricity needs.

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Find statistics on Venezuela

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Petroleum (Thousand Barrels per Day)
2008
2009
   
30 Year History
Venezuela
Central & South America
OPEC
World
Rank
Venezuela
Total Oil Production 2,638.70 7,412 35,708 85,577 10 2,471.50
Crude Oil Production 2,394.02 6,281 32,483 73,717 10 2,239.45
Consumption 727.10 6,098 7,394 85,436 23 752.10
Net Export/Imports(-) 1,911.60 1,313 28,314 -- 211 1,719.40
Total Oil Exports to U.S. 1,189 2,463 NA 12,915 4 1,063
Refinery Capacity 1,282 6,608 8,829 85,460 18 1,282
Proved ReservesMbr />(Billion Barrels) 87.04 110 928 1,330 7 99.38
Natural Gas (Billion Cubic Feet)
2009
2010
   
29 Year History
Venezuela
Central & South America
World
Rank
 
Venezuela
Production 651 4,945 104,787 29   697
Consumption 714 4,362 107,245 31   748
Net Export/Imports(-) -64 582 -- 38   -51
Proved Reserves
(Trillion Cubic Feet)
171 267 6,289 8   176
Coal (Million Short Tons)
2009
2010
   
Venezuela
Central & South America
World
Rank
 
Venezuela
Production 9.692 97 7,546 30   9.692
Consumption 0.347 41 7,318 76   2.924
Net Export/Imports(-) 9.345 55 -- 100   6.767
Electricity (Billion Kilowatthours)
2007
2008
   
Venezuela
Central & South America
World
Rank
 
Venezuela
Net Generation 113.32 1,004 18,795 28   118.13
Net Consumption 81.37 843 17,139 33   84.72
Installed Capacity (GWe) 22.54 237 4,468 30   23.12
Total Primary Energy (Quadrillion Btu)
2007
2008
   
Venezuela
Central & South America
World
Rank
 
Venezuela
Production 7.704 29 473 15   7.685
Consumption 3.071 25 482 27   3.193
Energy Intensity
(Btu per 2005 U.S. Dollars)
9,727 6,020 7,528 43   9,648
Carbon Dioxide Emissions (Million Metric Tons of CO₂)
2008
2009
   
Venezuela
Central & South America
World
Rank
 
Venezuela
Total from Consumption of Fossil Fuels 161.42 1,221 30,400 30   159.00

-- = Not applicable; NA = Not available; F = Forecast value
Sources: EIA, International Energy Statistics

Last Update: June 30, 2010 (All Fuels) | July 14, 2010 (Petroleum)
Next Update: August 1, 2010 (All Fuels)
For the most recent data, please visit International Energy Statistics

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Annual Energy Outlook yearly US energy projections through 2035

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