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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 ...
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.
[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]
The refinery was a joint venture between Hess Corporation and PDVSA. For most of its operating life as Hovensa, it supplied heating oil and gasoline to the U.S. Gulf Coast and the eastern seaboard with the crude mainly sourced from Venezuela. Previously it had sourced its crude feedstock from a number of other countries including Libya.
DR-1 is a dual carriageway highway that forms part of the five designated national highways of the Dominican Republic.DR-1 provides a fast connection between Santo Domingo, the capital, on the southern coast, and the second city Santiago and the rest of the northerly Cibao region, one of the country's main regions.
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.