Key facts
- Venezuela's economy is projected to grow 6.5% in the third quarter.
- Oil production increased 8% year-to-date.
- The country expects to receive $12 billion in public and private financing over the next two years.
- Venezuela currently produces approximately 1.25 million barrels per day of crude.
- The projected growth follows twin earthquakes that struck the country in June.
Venezuela's economy is projected to expand by 6.5% in the third quarter, according to acting President Delcy Rodriguez. She stated this figure on Thursday at an event with business leaders, highlighting recovery in both oil and non-oil sectors. Rodriguez noted that oil production has increased by 8% year-to-date. The country currently produces approximately 1.25 million barrels per day of crude. Additionally, Venezuela anticipates receiving $12 billion in public and private financing over the next two years to support its productive sector. This projected growth is occurring despite the impact of twin earthquakes that struck the country in June.