00:00It continues to hold strategic importance on the energy map of Latin America and the Caribbean.
00:04According to the Latin American Energy Organization, the country currently accounts for 11% of the region's oil production
00:09and holds proven reserves estimated at over 330 billion barrels.
00:15Venezuela currently ranks behind Brazil, which accounts for 42% of regional production, and Mexico with 17%.
00:21However, experts believe this scenario could change following the oil agreement reached between Caracas and Washington,
00:27which contemplates progressively increasing Venezuelan production by up to 1.4 million barrels per day by the end of 2026.
00:35Latin American oil production is also growing.
00:37By 2026, output is estimated at around 4 billion barrels compared with nearly 3 billion barrels annually recorded between 2016
00:45and 2024.
