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The recovery of oil prices in the early 2000s gave Venezuela oil funds not seen since the 1980s. [2] A destabilized economy led to a crisis in Bolivarian Venezuela, resulting in hyperinflation, an economic depression, shortages of basic goods and drastic increases in poverty, disease, child mortality, malnutrition, and crime. [3] [4]
Petróleos de Venezuela, S.A. (acronym PDVSA, Spanish pronunciation: [peðeˈβesa]) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas.
Pages in category "Oil and gas companies of Venezuela" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes. C.
The country officially nationalized its oil industry on 1 January 1976 at the site of Zumaque oilwell 1 (Mene Grande), and along with it came the birth of Petróleos de Venezuela S.A. (PDVSA) which is the Venezuelan state-owned petroleum company. All foreign oil companies that once did business in Venezuela were replaced by Venezuelan companies.
Since it first imposed sanctions on Venezuela's energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American country ...
As of 2006, Venezuela was one of the largest suppliers of oil to the United States, sending about 1.4 million barrels per day (220 × 10 ^ 3 m 3 /d) to the U.S. [3]. In October 2007, the Venezuelan government said its proven oil reserves was 100 billion barrels (16 × 10 ^ 9 m 3).
The following is a list of notable companies in the petroleum industry that are engaged in petroleum exploration and production. The list is in alphabetical order by continent and then by country. This list does not include companies only involved in refining and marketing.
With the passing of Hugo Chavez, some of the superpowers of oil are looking to court the Venezuelan government for a larger footprint in some of the nation's oil plays. Chevron has jumped out in ...