Reports & research
Rendigroup Advisors - Oil and gas (Venezuela-2026-ESP)
World's largest crude reserves, with 1.221 million bpd produced in July 2026 - Venezuela is undergoing the most radical structural transformation of its oil industry since 1976: 303 billion barrels of proven reserves, the largest in the world, and 195 Tcf in non-associated gas fields. - Crude output reached 1.221 million bpd in July 2026, and net exports stood at 940,000-980,000 bpd.
