Venezuela

Country Analysis Brief Overview

Venezuela contains some of the largest oil and natural gas reserves in the world. It consistently ranks as one of the top suppliers of oil to the U.S.
Venezuela was the world's eighth-largest net oil exporter in 2010.
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.

Analysis Last Updated: October 3, 2012

Overview data for Venezuela

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Petroleum (Thousand Barrels per Day)			2011					2012
		History	Venezuela	Central & South America	OPEC	World	Rank	Venezuela
Total Oil Production	Production of crude oil (including lease condensate), natural gas plant liquids, and other liquids, and refinery processing gain (loss). Negative value indicates refinery processing loss.	Total Oil Production Enlarge chart Rollover line points for data.Close	2,489.24	7,857	35,179	87,329	13	2,489.24
Crude Oil Production	Includes lease condensate.	Crude Oil Production Enlarge chart Rollover line points for data.Close	2,300.00	6,689	31,784	74,136	12	2,300.00
Consumption	Consumption of petroleum products and direct combustion of crude oil.	Petroleum Consumption Enlarge chart Rollover line points for data.Close	980.00	6,915	9,112	87,605	20	1,020.00 ^FFF
Net Export/Imports(-)	Net Exports = Total Oil Production – Consumption. Negative numbers are Net Imports.	Petroleum Net Exports/Imports(-) Enlarge chart Rollover line points for data.Close	1,509.24	943	26,067	--	158	1,469.24
Refinery Capacity	Crude oil distillation capacity as of January 1. Sources: U.S. data from EIA; Other countries from Oil & Gas Journal.	Petroleum Refinery Capacity Enlarge chart Rollover line points for data.Close	1,282	6,582	8,987	88,097	18	1,282
Proved Reserves(Billion Barrels)	As of January 1. Sources: U.S. data from EIA; Other countries from Oil & Gas Journal.	Petroleum Proved Reserves Enlarge chart Rollover line points for data.Close	211.17	237	1,065	1,474	3	211.17
Natural Gas (Billion Cubic Feet)			2010					2011
		History	Venezuela	Central & South America	World	Rank		Venezuela
Production	Dry natural gas.	Natural Gas Production Enlarge chart Rollover line points for data.Close	880	5,517	111,954	27		887
Consumption	Dry natural gas.	Natural Gas Consumption Enlarge chart Rollover line points for data.Close	957	5,106	113,321	29		961
Net Export/Imports(-)	Net Exports = Exports - Imports. Negative numbers are Net Imports. Note: Data range begins with the year 1990.	Natural Gas Net Exports/Imports(-) Enlarge chart Rollover line points for data.Close	-77	415	--	39		-75
Proved Reserves (Trillion Cubic Feet)	As of January 1. Sources: U.S. data from EIA; Other countries from Oil & Gas Journal.	Natural Gas Proved Reserves Enlarge chart Rollover line points for data.Close	176	267	6,637	9		179
Coal (Million Short Tons)			2010					2011
		History	Venezuela	Central & South America	World	Rank		Venezuela
Production	Production of primary coal (includes anthracite, bituminous, lignite, and for Estonia, oil shale).	Coal Production Enlarge chart Rollover line points for data.Close	3.009	92	7,954	39		2.503
Consumption	Consumption of primary coal (includes anthracite, bituminous, lignite, and for Estonia, oil shale) and net imports of metallurgical coke.	Coal Consumption Enlarge chart Rollover line points for data.Close	0.328	47	7,770	79		0.220
Net Export/Imports(-)	Net Exports = Exports – Imports. Negative numbers are Net Imports. Includes primary coal and metallurgical coke.	Coal Net Exports/Imports(-) Enlarge chart Rollover line points for data.Close	2.681	46	--	94		2.283
Electricity (Billion Kilowatthours)			2009					2010
		History	Venezuela	Central & South America	World	Rank		Venezuela
Net Generation	Conventional thermal electricity, hydroelectric power, nuclear electric power, and geothermal, solar, wind, and wood and waste electric power generation.	Electricity Net Generation Enlarge chart Rollover line points for data.Close	116.70	1,044	19,071	28		115.01
Net Consumption	Net generation+electricty imports-electricity exports-electricity distribution losses.	Electricity Net Consumption Enlarge chart Rollover line points for data.Close	83.77	878	17,360	31		91.51
Installed Capacity (GWe)	One billion watts or one thousand megawatts of electric capacity, as of January 1.	Electricity Installed Capacity Enlarge chart Rollover line points for data.Close	24.85	253	4,843	30		23.78
Total Primary Energy (Quadrillion Btu)			2009					2010
		History	Venezuela	Central & South America	World	Rank		Venezuela
Production	Production of petroleum (crude oil and natural gas plant liquids), dry natural gas, and coal, and net generation of hydroelectric, nuclear, and geothermal, solar, wind, and wood and waste electric power.	Total Primary Energy Production Enlarge chart Rollover line points for data.Close	7.050	29	487	15		7.003
Consumption	Consumption of petroleum, dry natural gas, and coal, and net hydroelectric, nuclear, and geothermal, solar, wind, and wood and waste electricity. Also includes net electricty imports.	Total Primary Energy Consumption Enlarge chart Rollover line points for data.Close	3.039	25	488	29		3.321
Energy Intensity (Btu per 2005 U.S. Dollars)	Consumption per dollar of gross domestic product using purchasing power parities.	Total Primary Energy Intensity Enlarge chart Rollover line points for data.Close	9,373	5,882	7,461	40		10,410
Carbon Dioxide Emissions (Million Metric Tons of CO₂)			2010					2011
		History	Venezuela	Central & South America	World	Rank		Venezuela
Total from Consumption of Fossil Fuels	Emissions from the consumption of petroleum, natural gas, and coal and the flaring of natural gas.	CO2 from Consumption of Fossil Fuels Enlarge chart Rollover line points for data.Close	174.16	1,288	31,502	32		182.66