Cyprus News Agency

According to CCTV, Venezuela—holding over 300 billion barrels of reserves and about 17% of global oil—has re-emerged as a “potential savior” in the energy crisis despite international sanctions. :contentReference[oaicite:0]{index=0}

Official data shows that Venezuela’s current production stands at around 1.2 million barrels per day, while experts note that with the necessary investments, this capacity could exceed its historical peak of 3 million barrels.

Energy analyst Oswaldo Felizzola stated that global markets need resource diversification and that any direct oil supply would be welcomed while the duration of the conflict remains uncertain.

International analyst Rodolfo Sanz emphasized that Venezuela’s energy reserves have made the country a “geopolitical pivot” in relations with global powers.