Oil production reached 108 mil tonnnes in 2017 in Venezuela, according to the BP Statistical Review of World Energy. This is 12.0% less than in the previous year.
Historically, oil production in Venezuela reached an all time high of 197 mil tonnnes in 1970 and an all time low of 91.5 mil tonnnes in 1985.
Venezuela has been ranked 12th within the group of 48 countries we follow in terms of oil production.
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