Venezuela Targets 18% Increase in Oil Production by 2026 Through Legislative Reform
PDVSA announces a target of 18% growth in Venezuelan oil production for 2026. This ambition relies on a reform of the hydrocarbons law opening the sector to private companies.
| Countries | États-Unis |
|---|---|
| Sector | Pétrole |
| Theme | Politique & Géopolitique |
Petroleos de Venezuela (PDVSA), the national oil company, sets a growth target of 18% in production for 2026. According to Hector Obregon, CEO of PDVSA, this target depends on the adoption of a reform to the hydrocarbons law. The bill, passed in first reading, is expected to receive final approval in the coming days.
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