Brief
Alejandro Grisanti, director of Ecoanalítica, expects Venezuela’s economy to expand by more than 10% in 2027, with oil leading the acceleration. He attributes the outlook to prospective investment aimed at bringing inactive wells back into operation. Grisanti also estimates that, under an institutional transition, the country could raise crude production to 3.2 million barrels per day within a decade, tying the longer-term production path to capital deployment and institutional change.
The forecast identifies dormant-well investment as a potential near-term growth engine, while making the larger production upside conditional on an institutional transition. For allocators, that separates a possible 2027 oil rebound from the deeper changes needed to sustain investment and scale output over a decade.
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Oil And Gas · El Nacional - Economía
Aug 22, 2026
Watch for announced investment in inactive wells and subsequent production gains, alongside evidence of an institutional transition. Those signals would test both the double-digit 2027 growth forecast and the longer-term 3.2 million-barrel target.