Venezuela expects 6.5% third-quarter growth after June earthquakes
Acting President Delcy Rodriguez told business leaders on Thursday that Venezuela's economy is projected to expand 6.5% in the third quarter of 2026 as oil and non-oil sectors recover from June's twin earthquakes.
Venezuela’s economy is projected to expand 6.5% in the third quarter of 2026, acting President Delcy Rodriguez said on Thursday, highlighting a recovery in both oil and non-oil sectors after the twin earthquakes that struck the country in June (https://www.reuters.com/world/americas/venezuelas-president-expects-third-quarter-growth-after-earthquake-hit-2026-10-08/).
Speaking at an event with business leaders, Rodriguez said oil production had increased 8% year-to-date. Venezuela currently produces some 1.25 million barrels per day of crude, she said (https://www.reuters.com/world/americas/venezuelas-president-expects-third-quarter-growth-after-earthquake-hit-2026-10-08/).
Since the US capture of former President Nicolas Maduro in January, Washington has been trying to secure a stable flow of Venezuelan crude for US refineries while promoting American investment into the OPEC country’s deteriorated energy industry (https://www.reuters.com/world/americas/venezuelas-president-expects-third-quarter-growth-after-earthquake-hit-2026-10-08/).
Rodriguez added that the country expects to receive $12 billion in public and private financing over the next two years (https://www.reuters.com/world/americas/venezuelas-president-expects-third-quarter-growth-after-earthquake-hit-2026-10-08/).
The remarks build on her October 3 address to the National Council of Economy, alongside a delegation from the Inter-American Development Bank, where she said Venezuela had accumulated 22 consecutive quarters of economic growth and the IDB was reopening its Venezuela office (https://www.telesurenglish.net/venezuelan-economy-holds-22-quarters-of-economic-growth-acting-president-rodriguez-says/).
More on this topic: all Business stories
