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Energy and Climate Databases
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Energy - Climate Forecasts
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Market Intelligence
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Market Analysis
- Understanding key consumption trends and drivers across sectors.
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Energy - Climate Scenarios
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Climate Strategy and Policy Evaluation
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Training
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Resource Centre
Venezuela Key Figures
- Population:
- 27.9 million
- GDP growth rate:
- 4.00 %/year
- Energy independence:
- 100%
Data of the last year available: 2023
- Total consumption/GDP:*
- 148 (2005=100)
- CO2 Emissions:
- 2.14 tCO2/capita
- Rate of T&D power losses:
- 20.5%
* at purchasing power parity
View all macro and energy indicators in the Venezuela energy report
Venezuela Energy News
View all news, archive your new and create your own daily newsletters only on your topics/countries of interest with Key Energy Intelligence
Venezuela Energy Research
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
A data overview is available in the global energy statistics app
Venezuela Total Energy Consumption
Energy consumption per capita (1.3toe, including 2 400 kWh of electricity in 2023) is relatively high compared to the level of income per capita.
Primary energy consumption has rebounded by 10%/year since 2023 to 37 Mtoe, after a decrease at an average rate of 12%/year between 2013 and 2020.
In 2023, oil accounted for 47% of that consumption, gas for 36% and hydroelectricity for 15%.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Interactive Chart Venezuela Total Energy Consumption
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
View the detailed fondamentals of the market at country level (graphs, tables, analysis) in the Venezuela energy report
Venezuela Crude Oil Production
Crude oil production dropped by 77% between 2013 and 2021 and has increased by 12%/year since 2021 to 47 Mt in 2023.
Approximately 70% of the oil production is exported. In addition, Venezuela exported 3.7 Mt of oil products in 2023.
Venezuela has 5 large refineries with a total capacity of 1.5 mb/d: Puerto Cabello (340 kb/d), Puerto Cruz (187 kb/d), and the complex of Paraguana, which consists of 3 refineries (Amuay, Cardon, and Bajo Grande) with a capacity of 971 kb/d.
Interactive Chart Venezuela Crude Oil Production
Benefit from up to 2 000 up-to-date data series for 186 countries in Global Energy & CO2 data
Additionally, for more detailed information on refineries, you can request a sample of our America Refineries Dataset
Venezuela CO2 Fuel Combustion/CO2 Emissions
The updated NDC (2021) confirmed the objective set at COP21 in Paris (2015), to reduce GHG emissions by 20% by 2030 compared to a BAU projection.
CO2 emissions from energy combustion dropped by 72% between 2012 and 2020 with the economic crisis. However, emissions have increased by 16%/years since 2021with the energy consumption increase.
Graph: CO2-ENERGY EMISSIONS (MTCO2)