Venezuela

: Aging infrastructure remains a major bottleneck, with less than 30% of oil wells currently active and frequent reports of oil spills. Venezuela Oil Sector: Context for Recent Developments

: Though only a small part of the GDP (around 3-5%), major crops include sugarcane, maize, rice, coffee, and tropical fruits like bananas and pineapples. The country is not self-sufficient and imports roughly two-thirds of its food. venezuela

: China has become the largest buyer of Venezuelan crude. Recently, India has also ramped up imports to a 6-year high due to supply disruptions elsewhere. : Aging infrastructure remains a major bottleneck, with

: Estimates for late 2025 placed inflation between 20% and 30% monthly in the capital, with approximately 80% of residents living in poverty . major crops include sugarcane