Country Report
Venezuela oil supply summary
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Report summary
We have embedded our written Country Report content in to the Oil Supply Tool. To access the Country Reports open the Oil Supply tool from the Tools & Models listing on the Wood Mackenzie Portal and select the Country Report category. There are six report categories which integrate the live data to new visualisations and associated text: Dashboard, Key Issues & Risks, Commercial Developments, Future Components, Crude Streams & Crude Quality and Breakevens
Table of contents
- Venezuelan production was already in decline before US stepped up sanctions in 2019:
- Geopolitical tensions rise in 2019, US sanctions strengthened:
- 2019 has seen precipitous production declines in the wake of US sanctions and continued operational challenges:
- Flagship heavy oil belt projects in the Orinoco Belt are critical to maintaining output:
Tables and charts
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