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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 ...
Electricidad de Caracas (BVC: EDC) is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned oil company PDVSA in 2007, which now owns 93.62%. [ 1 ]
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 ...
Pedro Rafael Tellechea Ruiz (born 5 November 1975) is a Venezuelan military officer, politician, and mechanical engineer, who has held high government positions as Minister of Popular Power for Petroleum and President of Petróleos de Venezuela (PDVSA). In addition, from 2020 until 2023, he held the presidency of Petroquímica de 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]
Corporación Trebol Gas C.A. was a Venezuelan privately owned oil company reporting 280 gas stations located in every state of the country and about 16% of the oil distribution market in Venezuela. Trebol was founded in 1998 and is a chain of gas stations, each operated by a franchisee. Almost every gas station has a convenience store and sells ...
Rafael Darío Ramírez Carreño (born August 4, 1963) is a Venezuelan engineer, politician, and diplomat.He joined the board of Venezuelan state-owned petroleum company PDVSA in 2002 and served as company president from 2004 to 2014.