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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).
PDVSA: Oil & gas Exploration & production Caracas: 1976 State oil & gas S A PDVAL: Consumer goods Food & beverage Caracas: 2008 Food supply network, part of PDVSA: S A Promar TV: Consumer services Broadcasting & entertainment Barquisimeto: 1995 Regional television P A Puma TV: Consumer services Broadcasting & entertainment Caracas: 1995 ...
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 ...
Over a hundred employees at Venezuela's state oil company PDVSA, plus others in the oil ministry and parts of the public sector, have been forced to resign over their political views since last ...
The location of the Orinoco Oil Belt (blue) with respect to the East Venezuela Basin (red) Country Venezuela Region Orinoco Belt Onshore/Offshore Onshore Operator Petroleos de Venezuela SA (PDVSA)Discovery 2010 Start of Production 2012 Current Production of Oil 30,000 bpd Estimated Oil in Place 513 billion barrels Producing Formation Miocene Oficina Formation
PDVSA (1 C, 15 P) Pages in category "Oil and gas companies of Venezuela" The following 4 pages are in this category, out of 4 total.
When the gas exports resumed, Colombia exported an estimated 50 million cubic feet a day, about half the amount that was exported before May 2014. [4] On 11 June 2015, Petróleos de Venezuela S.A. (PdV) announced that it would not renew the contract to import gas from Colombia, letting the contract expire on 30 June.
The Coordinadora Democrática, led by the business federation Fedecámaras and the trade union federation Confederación de Trabajadores de Venezuela (CTV), called for a fourth paro cívico, which turned out to be the most serious, and is known as the 2002–2003 oil strike, to begin on 2 December 2002.