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Venezuela also has 150 trillion cubic feet (4.2 × 10 12 m 3) of natural gas reserves. The crude oil PDVSA extracts from the Orinoco is refined into a fuel eponymously named 'Orimulsion'. [12] PDVSA has a production capacity, including the strategic associations and operating agreements, of 4 million barrels (640,000 m 3) per day (600,000 m 3).
On 29 August 1975, during the tenure of President Carlos Andrés Pérez, "Law that Reserves the Hydrocarbon Industry to the State" was enacted and the state-owned company Petróleos de Venezuela (PDVSA) was created to control all oil businesses in the Venezuelan territory. The law came into effect on 1 January 1976, as well as the ...
The highway starts with the Autopista Las Américas DR-3 (30 km east of Santo Domingo) and ends at the intersection Cruce Rincón de Molinillos, Samaná Province.There are three different toll booths: the first one 300 metres after the southern start of the highway; the second one at km marker 16; and the third one was built in La Reforma, right before Samaná and the Cruce Rincón de ...
Oil and gas production subsequently weakened while demand increased, and in 2011 Argentina recorded the first energy trade deficit since 1987. [20] In April 2010, Argentina's president Cristina Fernández de Kirchner introduced a bill on April 16, 2012, for the expropriation of YPF, the nation's largest energy firm. The state would purchase a ...
[7] A response to Maduro's Plan de la Patria, it has provisions to revitalize PDVSA, restore the health sector and offer assistance to the most poverty-stricken. [ 1 ] Economic advisor José Guerra stated that to curtail hyperinflation in Venezuela the transitional government must remove fixed currency exchange rates , stop monetary inflation ...
The Dominican Republic is classified as a middle-income country by the World Bank.In the last 10 years the government of the Dominican Republic has put increased effort in renovating and improving the nationwide road infrastructure to improve connections of the interior of the country to Santo Domingo.
A clickable Euler diagram showing the relationships between various multinational organizations in the Americas v • d • e. Petrocaribe had a total of 18 members: Antigua and Barbuda, Bahamas, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Nicaragua, Saint Kitts and Nevis, Saint Vincent and Grenadines, Saint Lucia, Suriname, and Venezuela.
[3] [4] In February 2005, after a PDVSA subsidiary had taken a stake in the joint venture, the project again received approval. [3] ConocoPhillips was the operator of the field and owned 32.5% of the project, with PDVSA through subsidiary CVP holding 35%, Italian company Eni holding 26% and Taiwanese company CPC Corporation holding 6.5%. [2] [4]