Over the same period, crude oil imports totalled 5.14 million toe, an year-on-year increase of 906,500 toe (21.4%).
Domestic crude oil production is projected to decline at an average annual rate of 2.5% through 2027, according to the National Commission for Strategy and Prognosis.
The forecast estimates production to be 2.74 million toe in 2025, a 2.8% drop from the previous year, followed by 2.68 million toe in 2026 (-2.2%) and 2.63 million toe in 2027 (-1.9%). Conversely, crude oil imports are expected to rise to 7.8 million toe by 2027, with an average annual growth rate of 1.5%.
