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Venezuela Aims to Increase Oil Production by 18% by 2026

January 25, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

The president of the state-owned oil giant in Venezuela (PDVSA), Hector Obriquon, stated that Venezuela is seeking to increase its oil production by 18% this year through planned reforms that will open the sector fully to private investors. Hector Obriquon added: “We had a law... that was not in line with what we need as an industry,” noting that the goal for 2026 “is growth ...

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