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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 ...
On 25 August 2012 at 01:11 (05:41 GMT), an explosion caused by the ignition of a leaking gas at the Amuay refinery killed 48 people, primarily National Guard troops stationed at the plant, and injured 151 others. [12] A 10-year-old boy was among the dead. [13] [14] Three days of national mourning was declared by President Hugo Chávez. [15]
[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]
After Venezuela nationalized the oil industry in 1975, PDVSA assumed ownership of San Tomé. The town was a thriving business center because of PDVSA. On 18 September 2006 Venezuela's President Hugo Chávez and Iran's President Mahmoud Ahmadinejad inaugurated a joint oil drilling operation with PDVSA and Iran's Petropars in San Tomé. [21]
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 ...
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.
Perla gas field is a giant offshore gas field in the Gulf of Venezuela. It is located south of Gela field, about 50 kilometres (31 mi) offshore at the Cardon IV block in water depths about 60 metres (200 ft). [1] It covers area about 33 square kilometres (13 sq mi). [2] The field was discovered in 1976.