Oil & gas production in Venezuela: emitters, CO2 & carbon value

9 tracked facilities, ≈119,689,285 t CO2/yr combined — here are the largest, what that CO2 is worth at current prices, and the sector's reduction pathway. Full sector pathway: decarbonizing oil & gas production.

The numbers

Oil & gas production in Venezuela at a glance

Metric	Value	Note
Facilities tracked	9	with CO2 estimates
Total est. CO2	119,689,285 t/yr	Climate TRACE 2023
Average per facility	13,298,809 t/yr
Indicative carbon value	€9,264M/yr	at €77.4/t EUA

No carbon-pricing instrument is tracked for this country on this hub — exporters of CBAM goods to the EU still pay the border price with no domestic deduction.

Largest emitters

Top 9 oil & gas production CO2 emitters in Venezuela

#	Facility	Owner	t CO2/yr (est. 2023)	Indicative value
1	Venezuela_Maturin_Heavy oil	Petróleos de Venezuela SA	47,835,056	€3,702.4M
2	Venezuela_Maturin_Conventional onshore	Petróleos de Venezuela SA	46,896,433	€3,629.8M
3	Venezuela_Maracaibo_Heavy oil	—	7,569,613	€585.9M
4	Venezuela_Maracaibo_Conventional shelf	Petróleos de Venezuela SA	6,164,738	€477.2M
5	Venezuela_Maracaibo_Conventional onshore	—	4,454,467	€344.8M
6	Venezuela_Gulf of Venezuela_Conventional shelf	—	3,700,037	€286.4M
7	Venezuela_Guarico_Conventional onshore	—	1,570,219	€121.5M
8	Venezuela_Barinas_Conventional onshore	—	1,234,112	€95.5M
9	Venezuela_Trinidad_Conventional shelf	—	264,610	€20.5M

Climate TRACE satellite estimates via IndustryAtlas — modelled, not verified; some entries aggregate clusters. Corrections welcome.

⬇ This table (CSV)🖨 PDF for management

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Same industry, other countries

Oil & gas production in United States

712,998,435 t CO2/yr

Oil & gas production in Russian Federation

515,555,902 t CO2/yr

Oil & gas production in Iran

292,069,171 t CO2/yr

Oil & gas production in Canada

252,343,963 t CO2/yr

Oil & gas production in Saudi Arabia

201,877,662 t CO2/yr

Other industries in Venezuela

Cement in Venezuela

5,388,075 t CO2/yr

FAQ

Questions

How many oil & gas production facilities does Venezuela have with tracked emissions?

9 facilities carry satellite-based CO2 estimates in our dataset (Climate TRACE 2023), totalling ≈119,689,285 t CO2/yr.

What is the largest oil & gas production emitter in Venezuela?

Venezuela_Maturin_Heavy oil — ≈47,835,056 t CO2/yr (est. 2023). Estimates are modelled, not verified declarations.

What would this CO2 cost at the EU price?

≈€9,264M per year at €77.4/t — indicative full-price value; actual cost depends on free allocation and the local instrument.

How this page is built: heat-loss figures follow ASTM C680 / ISO 12241 (the method behind our public calculators); facility emissions from Climate TRACE & EU ETS verified data across 30,000+ industrial sites; the 2026–2034 schedule is Regulation (EU) 2023/956, not a forecast. Published by Inzonex — manufacturer of modular removable insulation (UK Patent GB2508992.1). Spotted an error? Tell us — we correct on evidence.