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Unitary Federation of Petroleum and Gas Workers (Spanish: Federación Unitaria de Trabajadores de Petroleo y Gas, FUTPV) is the main national labor union of workers in the petroleum and gas industries in Venezuela. It represents over 67,000 workers, including most workers of PDVSA.
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).
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 ...
Crude production by PDVSA and its joint ventures has fallen to about a third of its peak 20 years ago. The steepest fall has occurred since military officials with no oil industry experience took ...
Petrocaribe was a regional oil procurement agreement between Venezuela and Caribbean member states. 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.
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.
Conoco has won court orders allowing it to seize PDVSA assets on Caribbean islands, including Curacao, in efforts to collect on a $2 billion arbitral award linked to the 2007 nationalization of ...
Gustavo Baquero is a Venezuelan engineer, professor and oil industry executive. [1] S&P said he would be named by Juan Guaidó's administration to be president of PDVSA (Venezuela's state-run petroleum company).
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