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

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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.

Read full Venezuela Analysis Brief »

Analysis Last Updated: October 3, 2012

Overview data for Venezuela

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Petroleum (Thousand Barrels per Day)
Previous Year
Latest Year
   
History
Venezuela
Central & South America
OPEC
World
Rank
 Venezuela
Total Oil Production 2246.0000 , 2177.0000 , 1973.0000 , 1874.0000 , 1872.0000 , 1757.0000 , 1890.1982 , 1857.2516 , 2008.2108 , 2024.7320 , 2262.1798 , 2509.8431 , 2519.6492 , 2634.2971 , 2796.2942 , 2982.2384 , 3175.4385 , 3517.5536 , 3408.7968 , 3109.2219 , 3460.7588 , 3333.9884 , 2924.2040 , 2581.4288 , 2855.1677 , 2866.9306 , 2746.5337 , 2681.9924 , 2655.6960 , 2509.7452 , 2404.9958 , 2489.2424 , 2489.2424
(1980-2012)
2,489.24 7,857 35,179 87,329 13 2,489.24
Crude Oil Production 2168.0000 , 2102.0000 , 1895.0000 , 1801.0000 , 1798.0000 , 1677.0000 , 1787.0000 , 1752.0000 , 1903.0000 , 1907.0000 , 2137.0000 , 2375.0000 , 2371.0000 , 2450.0000 , 2588.0002 , 2750.1370 , 2938.0000 , 3280.0000 , 3167.0137 , 2825.8000 , 3155.0000 , 3010.0000 , 2603.9452 , 2335.1918 , 2556.9399 , 2564.6575 , 2510.5479 , 2490.3014 , 2464.0164 , 2319.4521 , 2215.7534 , 2300.0000 , 2300.0000
(1980-2012)
2,300.00 6,689 31,784 74,136 12 2,300.00
Consumption 400.0000 , 433.0000 , 427.0000 , 400.0000 , 379.0000 , 383.2400 , 401.5575 , 404.4127 , 396.9310 , 387.6502 , 395.5902 , 405.0020 , 413.8145 , 426.9544 , 440.2819 , 448.4670 , 443.8088 , 454.5653 , 456.7565 , 461.2104 , 499.7073 , 544.4662 , 570.6732 , 540.6430 , 552.8457 , 583.1515 , 630.9750 , 691.1045 , 862.3921 , 674.6763 , 718.1866 , 755.0000 , 760.4915
(1980-2012)
755.00 6,502 7,999 88,254 24 760.49 F
Estimated Petroleum Net Exports 1846.0000 , 1744.0000 , 1546.0000 , 1474.0000 , 1493.0000 , 1373.7600 , 1488.6407 , 1452.8389 , 1611.2799 , 1637.0818 , 1866.5896 , 2104.8411 , 2105.8347 , 2207.3427 , 2356.0124 , 2533.7715 , 2731.6297 , 3062.9883 , 2952.0402 , 2648.0115 , 2961.0515 , 2789.5222 , 2353.5309 , 2040.7858 , 2302.3219 , 2283.7791 , 2115.5587 , 1990.8879 , 1793.3039 , 1835.0689 , 1686.8092 , 1734.2424 , 1728.7508
(1980-2012)
1,734.24 1,355 27,180 -- 174 1,728.75
Refinery Capacity 1446.0000 , 1349.0000 , 1323.0000 , 1284.0000 , 1224.0000 , 1224.0000 , 1230.0000 , 1225.0000 , 1201.0000 , 1201.0000 , 1201.0000 , 1167.0000 , 1171.0000 , 1167.0000 , 1167.0000 , 1167.0000 , 1177.0000 , 1177.0000 , 1177.0000 , 1187.2000 , 1238.8800 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000 , 1282.1000
(1980-2012)
1,282 6,582 8,987 88,097 18 1,282
Proved Reserves(Billion Barrels) 17.8700 , 17.9500 , 20.3000 , 21.5000 , 24.8500 , 25.8450 , 25.5910 , 25.0000 , 56.3000 , 58.0839 , 58.5040 , 59.0400 , 59.1000 , 62.6500 , 63.3300 , 64.4770 , 64.4770 , 64.8780 , 71.6689 , 72.6000 , 72.6000 , 76.8620 , 77.6850 , 77.8000 , 77.8000 , 77.2260 , 79.7290 , 80.0120 , 87.0350 , 99.3770 , 99.3770 , 211.1700 , 211.1700 , 297.5700
(1980-2013)
211.17 239 1,113 NA 3 297.57
Natural Gas (Billion Cubic Feet)
Previous Year
Latest Year
   
History
Venezuela
Central & South America
World
Rank
 
 Venezuela
Production 517.0000 , 572.0000 , 600.0000 , 576.0000 , 610.0000 , 618.0000 , 674.0000 , 657.0000 , 656.1500 , 768.5200 , 760.8900 , 793.4800 , 763.4397 , 815.0000 , 876.1600 , 890.2200 , 960.5680 , 993.7641 , 1110.3036 , 945.7357 , 960.5680 , 1119.8387 , 1003.2992 , 861.6860 , 960.5680 , 827.9249 , 918.1900 , 732.0446 , 732.7863 , 650.8201 , 880.4030 , 886.7597
(1980-2011)
880.40 5,517 111,954 27   886.76
Consumption 517.0000 , 572.0000 , 600.0000 , 576.0000 , 610.0000 , 618.0000 , 674.0000 , 657.0000 , 656.1500 , 768.5200 , 760.8800 , 793.4800 , 763.4397 , 815.0000 , 876.1600 , 890.2200 , 960.5680 , 993.7641 , 1110.3036 , 945.7357 , 960.5680 , 1119.8387 , 1003.2992 , 861.6860 , 960.5680 , 827.9249 , 918.1900 , 735.5761 , 785.7588 , 714.4225 , 957.3897 , 961.2743
(1980-2011)
957.39 5,106 113,321 29   961.27
Net Export/Imports(-) 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , 0.0000 , -3.5315 , -52.9725 , -63.5670 , -76.9867 , -74.5147
(1990-2011)
-76.99 415 -- 39   -74.51
Proved Reserves
(Trillion Cubic Feet)		 42.8000 , 42.0000 , 47.0000 , 54.0790 , 54.5460 , 55.3670 , 59.0670 , 59.0000 , 95.0000 , 102.2430 , 100.8460 , 105.6880 , 110.0000 , 126.4920 , 128.9000 , 130.4000 , 139.9000 , 141.6000 , 143.0780 , 142.5000 , 142.5000 , 146.8000 , 147.5850 , 148.0000 , 148.0000 , 151.0000 , 151.3950 , 152.3800 , 166.2600 , 170.9200 , 175.9700 , 178.8600 , 195.1000 , 195.1000
(1980-2013)
195.10 270 NA 7   195.10
Coal (Million Short Tons)
Previous Year
Latest Year
   
History
Venezuela
Central & South America
World
Rank
 
 Venezuela
Production 0.0463 , 0.0540 , 0.0562 , 0.0408 , 0.0562 , 0.0463 , 0.0628 , 0.0683 , 1.2015 , 2.3424 , 2.4135 , 2.3978 , 2.7004 , 4.2053 , 4.7154 , 4.4800 , 4.0109 , 5.6725 , 8.2188 , 7.6932 , 8.6913 , 8.3614 , 8.1228 , 7.5034 , 7.4384 , 7.9306 , 8.6784 , 6.7204 , 5.4259 , 3.6175 , 3.0093 , 2.5033
(1980-2011)
3.009 92 7,954 38   2.503
Consumption 0.3285 , 0.2811 , 0.1753 , 0.2271 , 0.2315 , 0.3175 , 0.3362 , 0.2568 , 0.3516 , 0.3726 , 0.2464 , 0.0007 , 0.0050 , 0.0430 , 0.0840 , 0.0080 , 0.2325 , 0.0520 , 1.4631 , 0.0554 , 0.1990 , 0.0743 , 0.0271 , 0.0650 , 0.2123 , 0.0553 , 0.1731 , 0.2093 , 0.2129 , 0.3577 , 0.3285 , 0.2205
(1980-2011)
0.328 47 7,770 79   0.220
Net Export/Imports(-) -282.1917 , -227.0761 , -119.0496 , -190.6999 , -190.6999 , -285.4986 , -305.3402 , -307.5449 , 907.2022 , 1796.7675 , 2021.5288 , 2420.8852 , 2545.6338 , 4216.5063 , 4558.0575 , 4676.2804 , 3986.7185 , 5627.1893 , 6512.2902 , 7526.5268 , 8740.8220 , 8333.5069 , 8095.6722 , 7438.3971 , 7226.1029 , 7874.1628 , 8260.5780 , 6963.0253 , 5213.0068 , 3259.7882 , 2680.8212 , 2282.8868
(1980-2011)
2.681 46 -- 94   2.283
Electricity (Billion Kilowatthours)
Previous Year
Latest Year
   
History
Venezuela
Central & South America
World
Rank
 
 Venezuela
Net Generation 32.0120 , 35.9570 , 38.2740 , 41.8010 , 42.6450 , 46.2200 , 48.3630 , 52.4270 , 56.4600 , 55.8960 , 57.6060 , 61.7520 , 65.7440 , 67.5790 , 69.4980 , 71.5980 , 73.7450 , 76.2450 , 78.9470 , 78.7770 , 83.2400 , 87.7330 , 86.6460 , 89.2670 , 96.2160 , 101.3850 , 107.9040 , 111.8418 , 116.4816 , 116.7039 , 115.0145 , 123.3330
(1980-2011)
115.01 1,096 20,225 30   123.33
Net Consumption 26.8370 , 32.2840 , 32.1230 , 35.1390 , 37.2290 , 39.3970 , 39.7530 , 42.9650 , 47.0870 , 46.1320 , 46.9280 , 49.4510 , 53.2300 , 54.5940 , 55.2030 , 56.1700 , 57.8420 , 59.8480 , 61.1710 , 59.9320 , 62.5060 , 64.9590 , 64.0400 , 65.4130 , 69.5030 , 72.2980 , 78.0140 , 79.8928 , 83.5536 , 83.7669 , 91.5085
(1980-2010)
83.77 878 17,360 31   91.51
Installed Capacity (GWe) 9.2250 , 10.1250 , 10.8750 , 12.4990 , 15.5110 , 18.1940 , 19.3570 , 17.4440 , 18.5200 , 18.5200 , 19.0330 , 19.2830 , 18.9120 , 18.9660 , 18.9660 , 19.0700 , 20.7640 , 21.5510 , 21.6600 , 21.2920 , 21.2330 , 21.3180 , 20.5770 , 20.5770 , 22.1240 , 22.1350 , 22.2150 , 22.5400 , 23.1240 , 24.8460 , 23.7830
(1980-2010)
24.85 253 4,843 30   23.78
Total Primary Energy (Quadrillion Btu)
Previous Year
Latest Year
   
History
Venezuela
Central & South America
World
Rank
 
 Venezuela
Production 5.7659 , 5.6674 , 5.2507 , 5.0320 , 5.0558 , 4.8169 , 5.2145 , 5.1694 , 5.5839 , 5.7662 , 6.3059 , 6.9611 , 6.9551 , 7.2609 , 7.6987 , 8.0787 , 8.6185 , 9.4829 , 9.4481 , 8.5397 , 9.3713 , 9.2293 , 8.1586 , 7.3265 , 8.0623 , 8.0283 , 8.0853 , 7.6492 , 7.5952 , 7.0500 , 7.0035 , 7.2760
(1980-2011)
7.003 30 509 15   7.276
Consumption 1.5883 , 1.7232 , 1.7466 , 1.6837 , 1.7136 , 1.7424 , 1.8868 , 1.9231 , 1.9367 , 2.0622 , 2.0869 , 2.2111 , 2.2178 , 2.0692 , 2.4368 , 2.4699 , 2.5764 , 2.6617 , 2.8539 , 2.6470 , 2.7689 , 3.0305 , 2.9343 , 2.7220 , 2.9367 , 2.9166 , 3.1586 , 3.0662 , 3.2251 , 3.0386 , 3.3210
(1980-2010)
3.039 25 488 29   3.321
Energy Intensity
(Btu per 2005 U.S. Dollars)		 8868.1008 , 9650.5987 , 9714.4188 , 9921.9277 , 10236.7927 , 10624.7503 , 10819.5696 , 10551.5435 , 10008.5622 , 11519.2083 , 10948.4235 , 10571.6939 , 9997.6730 , 9302.3055 , 11218.1375 , 10938.1840 , 11432.6563 , 11110.0530 , 11855.0845 , 11711.4458 , 11815.6578 , 12511.9507 , 13271.7648 , 13385.7360 , 12192.1523 , 10980.8367 , 10827.3338 , 9656.2047 , 9646.9779 , 9373.4032 , 10410.1758
(1980-2010)
9,373 5,882 7,461 39   10,410
Carbon Dioxide Emissions (Million Metric Tons of CO₂)
Previous Year
Latest Year
   
History
Venezuela
Central & South America
World
Rank
 
 Venezuela
Total from Consumption of Fossil Fuels
 94.2653 , 101.5315 , 101.6068 , 96.0946 , 96.1424 , 96.4004 , 104.3279 , 105.7087 , 104.0626 , 108.0178 , 109.7273 , 111.4788 , 111.7218 , 113.5414 , 119.4064 , 124.4079 , 133.2869 , 134.9593 , 142.2899 , 128.6239 , 134.4486 , 148.6957 , 146.6986 , 133.6446 , 143.3813 , 145.8780 , 150.5521 , 152.6701 , 161.7944 , 157.5598 , 174.1574 , 182.6609
(1980-2011)
174.16 1,288 31,502 32   182.66

-- = Not applicable; NA = Not available; F = Forecast value
Sources: EIA. For more detailed data, see International Energy Statistics.

Data last updated: May 30, 2013

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