# PDVSA oil production and revenue expansion > Live situation record from CLSTR: https://clstr.news/situations/pdvsa-oil-production-and-revenue-expansion > Updated: 2026-09-24T23:28:06.000Z. Sources: 19. Developments: 2. PDVSA has initiated a strategic roadmap to increase oil production, targeting 1.3 million barrels per day this year and 1.5 million barrels per day by 2027. This expansion relies on bilateral understandings between Caracas and Washington to develop 17 strategic fields through partnerships with international private operators, particularly in the Orinoco Belt. The plan aims to attract over $100 billion in private investment and involves modernizing operations through artificial intelligence and infrastructure improvements. By the second four-month period of 2026, PDVSA recorded $17.2 billion in invoiced export revenues, marking a 76% increase from the $5.491 billion reported in the first four-month period of the year. This growth is attributed to higher international crude prices and increased export volumes of heavy and extra-heavy crude. Analysts note that approximately 70% of these resources, or roughly $12 billion, have been injected into the Banco Central de Venezuela's exchange market to assist in national currency stabilization. ## Timeline ### 2026-09-24: PDVSA export revenues reach $17.2 billion in 2026 PDVSA's export revenues reached $17.2 billion by the end of the second four-month period of 2026, a 76% increase over the first period driven by higher oil prices and export volumes. 5 sources. https://clstr.news/cluster/pdvsa-export-revenues-reach-172-billion-in-2026 ### 2026-09-05: PDVSA targets 1.3 million barrels of daily oil production via international alliances PDVSA aims to reach 1.3 million barrels of oil per day through international partnerships and Orinoco Belt development, while journalists report ongoing media censorship and portal blocks in Venezuela. 14 sources. https://clstr.news/cluster/venezuela-media-restrictions-and-censorship-persist-cnp-reports --- Cite as: PDVSA oil production and revenue expansion. CLSTR, https://clstr.news/situations/pdvsa-oil-production-and-revenue-expansion