Brief
Fedecámaras is urging Venezuela to strengthen non-oil industries following an earthquake. Felipe Capozzolo said the year-end growth outcome will depend heavily on how the hydrocarbon and mineral sectors perform. The message combines a call for broader productive capacity with an acknowledgment that extractive activity will still set the pace for the economy this year. No specific measures or details about the earthquake’s effects were provided.
The proposal highlights a central constraint on Venezuela’s recovery: business leaders favor diversification, but near-term growth remains tied to hydrocarbons and mining. For investors, its significance will depend on whether the post-earthquake response translates into concrete support for non-oil businesses.
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Industry · Diario Primicia
Aug 11, 2026
Watch for specific Fedecámaras proposals or government measures supporting non-oil sectors, alongside year-end evidence on whether hydrocarbon and mineral performance ultimately determines the economy’s growth result.