Search results
Results from the WOW.Com Content Network
Under the presidency of Carlos Andrés Pérez, whose economic plan, "La Gran Venezuela", called for the nationalization of the oil industry, Venezuela officially nationalized its oil industry on 1 January 1976 at the site of Zumaque oilwell 1 (Mene Grande). This was the birth of Petróleos de Venezuela S.A. (PDVSA).
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 ]
The leading oil company is Petróleos de Venezuela S.A. (PDVSA), which according to Venezuelan authorities produces 3.3 million barrels per day (520,000 m 3 /d). [1] However, oil industry analysts and the U.S. Energy Information Administration believe it to be only 2.8-2.9 million barrels per day (460,000 m 3 /d).
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 ...
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.
Domestic consumption peaked at 936 Bcf in 2015 but dropped to 563 Bcf by 2021 due to economic decline. Venezuela is a major gas flarer, with flaring increasing fourfold from 2012 to 2021, reaching 706 Bcf in 2022. Government-regulated prices and subsidies keep natural gas prices below market rates, further limiting investment in the sector. [4]
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The trade organization was founded on 29 June 2005 in Puerto La Cruz, Venezuela during the presidency of Hugo Chávez. Venezuela offered member states oil supplies on a concessionary financial agreement. Petrocaribe has been part of the "pink tide" in Latin America seeking to achieve post-neoliberal development in the region. [1]