What is the estimated direct physical damage caused by Venezuela's June 24 earthquakes, and how is it distributed across sectors?

The World Bank's preliminary assessment estimates $19.6 billion in direct physical damage from the June 24 earthquakes in Venezuela, with the damage broken down as 47% to residential buildings, 27% to infrastructure, and 26% to non-residential buildings.

Were Venezuela's oil production and major energy infrastructure significantly affected by the earthquakes?

No — Venezuela’s oil infrastructure remained operational, with oil output sustained at 1.2 million barrels per day; major joint venture partners (Chevron, Eni, Repsol, Shell) confirmed all employees were accounted for, and the Moron petrochemical complex — located 10–18 miles from the epicenter — resumed operations on June 25 after a brief precautionary shutdown.

Venezuela Quakes' Physical Damage Costs $19.6 Billion – World Bank

Jul 24, 2026

The World Bank estimates $19.6 billion in physical damage from recent Venezuelan earthquakes, while oil output remains stable and the state-owned Pequiven petrochemical complex has restarted operations.

icis

2026-07-24

Venezuela Quakes' Physical Damage Costs $19.6 Billion – World Bank

Venezuela Quakes' Physical Damage Costs $19.6 Billion – World Bank

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