Energy in Venezuela
# Energy in Venezuela

Venezuela was one of the world's largest producers of oil, and the country with the largest proven oil reserves in the world. Venezuela is a member of OPEC.

Electricity in Venezuela is predominantly produced from hydroelectricity.

## Overview

Energy in Venezuela :

| | Capita | Prim. energy | Production | Export | Electricity | $CO_2-emission$ |
| - | - | - | - | - | - | - |
| | Million | TWh | TWh | TWh | TWh | Mt |
| 2004 | 26.1 | 653 | 2,280 | 1,623 | 72.1 | 128 |
| 2007 | 27.5 | 741 | 2,138 | 1,381 | 84.6 | 144 |
| 2008 | 27.9 | 745 | 2,102 | 1,340 | 85.9 | 146 |
| 2009 | 28.4 | 778 | 2,367 | 1,503 | 89.5 | 155 |
| 2010 | 28.83 | 895 | 2,241 | 1,353 | 94.77 | 183.04 |
| 2012 | 29.28 | 816 | 2,335 | 1,506 | 97.73 | 159.22 |
| 2012R | 29.96 | 888 | 2,318 | 1,405 | 101.88 | 178.28 |
| 2013 | 30.41 | 800 | 2,235 | 1,405 | 98.25 | 155.57 |
| Change 2004-10 | 10.3% | 37.0% | -1,7% | -16,6% | 31.4% | 42.6% |
| Mtoe = 11.63 TWh, Prim. energy includes energy losses 2012R = CO2 calculation criteria changed, numbers updated |||||||

## Oil

Venezuela ranked 11th in the world for oil production in 2016; production has since fallen steeply.

The largest oil company is Petróleos de Venezuela (PDVSA).

Oil fields in the country include Bolivar Coastal Field, Boscán Field, Maracaibo Basin and Orinoco Belt.

## Electricity

### Hydroelectricity

Hydro power provided 74% of domestic electricity in 2008. Venezuela produced 87 TWh hydro power in 2008, 2.6% of the world total. Venezuela was top 8th in hydro electricity in 2008.

