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 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.

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Petroleum (Thousand Barrels per Day)			2011					2012
		30 Year 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	2,470.08	7,807	35,160	87,093	13
Crude Oil Production	Includes lease condensate.	Crude Oil Production Enlarge chart Rollover line points for data.Close	2,240.00	6,635	31,708	74,080	12
Consumption	Consumption of petroleum products and direct combustion of crude oil.	Petroleum Consumption Enlarge chart Rollover line points for data.Close	980.00	6,412	9,112	87,421	20	^FF
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	1,490.08	1,396	26,048	--	153	NA
Total Oil Exports to U.S.	Total crude oil and petroleum products.	Total Oil Exports to U.S. Enlarge chart Rollover line points for data.Close	NA		NA		NA	NA
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	##############	2	211.17
Natural Gas (Billion Cubic Feet)			2010					2011
		29 Year 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	111,346	27		1,102
Consumption	Dry natural gas.	Natural Gas Consumption Enlarge chart Rollover line points for data.Close	957	5,106	112,864	29		1,169
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		NA
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	NA	8		179
Coal (Million Short Tons)			2009					2010
			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	9.692	97	7,546	29		9.692
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	0.347	41	7,318	76		2.924
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	9.345	55	--	100		6.767
Electricity (Billion Kilowatthours)			2009					2010
			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)			2008					2009
			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	7.685	30	489	14		7.225
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	3.235	26	491	28		3.184
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	9,775	5,954	7,454	39		9,935
Carbon Dioxide Emissions (Million Metric Tons of CO₂)			2009					2010
			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	159.00	1,203	29,778	31		158.44