Venezuela's oil output and exports have grown since Chevron was granted the license in late 2022, providing a reliable source of revenue to President Nicolas Maduro's administration. The company in ...

In 2017, the Venezuela’s state-run oil firm PDVSA bought 180,250 barrels per day of crude and refined products and reshipped a portion of it to regional allies. Venezuela's imports Oil as a ...

Venezuela has the largest natural gas reserves in Latin America, but they are underutilized, which creates an increasing need for its development to contribute to the region's balance.