Venezuela's president expects third-quarter growth after earthquake hit

October 8, 2026 2:54 PM EDT

Venezuela's interim President Delcy Rodriguez addresses the 81st United Nations General Assembly at UN headquarters in New York City, US, September 23, 2026. REUTERS/Eduardo Munoz

CARACAS, Oct ‌8 (Reuters) - Venezuela's ​economy ​is projected to expand 6.5% in the ‌third quarter this year, acting President ⁠Delcy Rodriguez said on Thursday, ‌highlighting recovery in both ‌oil and non-oil sectors after devastating twin earthquakes struck the ​country in June.

Oil production in the country increased ⁠8% year-to-date, she added, speaking at an event ​with business leaders.

Since the US capture of former President Nicolas Maduro ​in January, Washington ‌has been trying to secure a stable flow ⁠of Venezuelan crude for US refineries while promoting American investment into the ⁠OPEC country's deteriorated energy industry.

Venezuela currently ​produces some 1.25 million barrels per day of crude.

Rodriguez added that the ‌country expects to receive $12 billion in public and ‌private financing over the next ⁠two years.

(Reporting ‌by Mayela ​Armas, Writing by Paolo Laudani; Editing by Daina Beth ‌Solomon)



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