: Aging infrastructure remains a major bottleneck, with less than 30% of oil wells currently active and frequent reports of oil spills. Venezuela Oil Sector: Context for Recent Developments
: Key industrial outputs include steel, aluminum, textiles, and processed foods , though many sectors have struggled with a lack of investment. Recent Economic Trends (2025–2026) venezuela
: Estimates for late 2025 placed inflation between 20% and 30% monthly in the capital, with approximately 80% of residents living in poverty . : Aging infrastructure remains a major bottleneck, with
: Venezuela is rich in other natural resources, including iron ore, bauxite (for aluminum), gold, nickel, and diamonds . : Venezuela is rich in other natural resources,
: China has become the largest buyer of Venezuelan crude. Recently, India has also ramped up imports to a 6-year high due to supply disruptions elsewhere.