The National Commission for Strategy and Forecast (CNSP) says that crude oil production is expected to fall by an average annual rate of 2.5% until 2027.
Thus, for 2025, a quantity of 2.74 million toe of crude oil is estimated (-2.8% versus 2024), 2.68 million toe in 2026 (-2.2%) and 2.63 million toe in 2027 (-1.9%).
According to the CNSP, this decrease is a consequence of the natural decline of deposits and the maintenance of existing production units.
Crude oil imports are forecast to rise to 7.8 million toe in 2027, at an average annual rate of 1.5%.
