Venezuela’s oil sector achieves full production across all wells in 2025, with Vice President Delcy Rodríguez highlighting the role of oil workers and strategic sectors in the nation’s robust economic rebound.

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Venezuela’s oil industry has reached a milestone in 2025, maintaining full production in all its wells and spearheading the country’s economic recovery. Vice President Delcy Rodríguez confirmed these achievements at the World Retailers Congress in Caracas, emphasizing the strategic importance of the oil sector and the dedication of Venezuelan workers in overcoming external pressures and economic challenges.

All Oil Wells Operating at Maximum Capacity

During her address, Rodríguez detailed the operational status of major oil companies, stating, “At this time, Chevron is at full production. At this time, Eni’s fields are at full production. At this time, Repsol’s field is at full production.”

This statement directly refutes international reports suggesting a decline in Venezuela’s oil and mining activity, underscoring the resilience and commitment of Venezuelan oil workers who keep extraction wells active despite ongoing sanctions and external attempts to destabilize the sector.

Economic indicators from the first quarter of 2025 reveal broad-based growth across Venezuela’s productive sectors. Oil activity surged by 18.23%, positioning it as the primary driver of national economic recovery.

The mining sector followed with a 13.46% increase, while trade, repair services, and manufacturing registered growth of 8.23% and 5.77%, respectively. This diversification aligns with President Nicolás Maduro’s strategy to reduce dependency on oil and foster sustainable development through cross-sector collaboration.

Venezuela’s export growth stands at 18.7%,the highest in the region and well above countries such as Argentina, Peru, Uruguay, Ecuador, and Chile, which do not face the same external economic pressures.

“What lies behind that number is the immense effort of the Venezuelan people, of the producing people, of the business people, of the working people,” Rodríguez stated, highlighting the collective national effort driving these results. The oil sector alone has recovered by 17.3% over the past twelve months, defying negative predictions about the country’s production capacity.

Despite the volatile global energy market, marked by falling oil prices and geopolitical uncertainty, Venezuela has maintained its production levels. Rodríguez warned of the impact of international conflicts and U.S.-led trade wars, which have caused oil prices to fluctuate sharply,dropping by 24.4% in recent months.

Nevertheless, the government remains committed to defending national sovereignty over its energy resources and leveraging oil revenues for social and economic development.

Addressing the challenges of currency speculation, Rodríguez denounced the actions of speculative groups manipulating the foreign exchange market to the detriment of Venezuelan workers and businesses. She called for national unity to confront these “dollar mafias” and emphasized the importance of social and productive cohesion in overcoming economic warfare.

Meanwhile, the retail sector, represented by the National Association of Supermarkets and Self-Service Stores (ANSA), continues to boost national employment, contributing 4.5% to GDP and generating 640,000 direct jobs.

“Venezuela’s energy resources,including its vast oil and gas reserves,belong to the Venezuelan people and must be used for national development and fair international cooperation”, Vice President Delcy Rodríguez affirmed, reiterating the government’s unwavering stance on energy sovereignty.

As Venezuela’s oil industry powers ahead in 2025, the nation demonstrates resilience and unity in the face of external challenges, setting a benchmark for economic recovery and social progress in Latin America.

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