Venezuela's oil revenue could grow by more than 100% this year according to analysts | Vídeo

Panama City, May 7 (EFE).- Venezuela’s oil revenues could increase by more than 100% this year due to an expected rise in the country’s production of between 20% and 30%, amid high international prices, Luis Vicente León, president of the Venezuelan firm Datanálisis, told EFE.

CAMERA: CARLOS LEMOS.

STATEMENTS: LUIS VICENTE LEÓN, PRESIDENT OF THE VENEZUELAN FIRM DATANÁLISIS.

TRANSLATION:

1. “Venezuela's revenue, following a very difficult and complicated period, is now beginning to present an opportunity to grow, and we won't have to wait much longer. We will see growth in oil revenues this very year.”

2. “This year we are expecting an increase in oil production of around 20 to 25% to reach 1.2 million to 1.3 million barrels, but that increase, which appears to be 20 to 30%, could translate to more than 100% in terms of increased oil revenue, because we are selling without discounts.”

3. “Previously, 70% of the oil was sold to China at a 40% discount; that oil is now being sold at international prices. Not only are we increasing production by 250,000 to 300,000 barrels, but oil prices are also skyrocketing. So, when you add up all these factors, Venezuela’s revenue looks very positive.”

Metadatos

Fecha: 07/05/2026 18:19 (UTC)
Crédito: EFE
Fuente: EFE
Temática: Economía, negocios y finanzas » Energía y recursos » Petróleo y gas
Economía, negocios y finanzas » Macroeconomía » Exportaciones
Tipo: Bruto
Duración: 59 segundos
Referencia: 55020212047
Relevancia: