Venezuela to Host October 2026 Energy Summit Seeking Up to $100 Billion
Updated
Updated · African Energy Chamber · Jun 1
Venezuela to Host October 2026 Energy Summit Seeking Up to $100 Billion
2 articles · Updated · African Energy Chamber · Jun 1
Summary
Caracas will host Venezuela Energy Week on Oct. 26-29, 2026, billed as the country’s largest international energy investment summit and aimed at drawing U.S., Venezuelan and other global participants.
The push follows 2026 hydrocarbons reforms that cut fiscal burdens, expand production-sharing, strengthen arbitration protections and give foreign partners more operational control.
Venezuela is pitching more than 300 billion barrels of proven oil reserves and 195 trillion cubic feet of gas, while targeting a rise in crude output from about 1-1.1 million bpd toward 3 million.
PDVSA-backed opportunities span Orinoco Belt mega-projects, Maracaibo brownfield rehabilitation, shut-in well reactivation, refinery and export infrastructure upgrades, and offshore gas fields including Dragon and Cocuina-Manakin.
Sector rehabilitation could require up to $100 billion, or roughly $10 billion a year over the next decade, underscoring the scale of Venezuela’s market-reentry bet.