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The pipeline would pump gas from Colombia to Venezuela and, after 7 years, from Venezuela to Colombia. [15] Venezuela has also proposed the project of Gran Gasoducto del Sur, which would connect Venezuela with Brazil and Argentina. [16] There has been some discussion about constructing an oil pipeline to Colombia along the Pacific Ocean. [7]
When the gas exports resumed, Colombia exported an estimated 50 million cubic feet a day, about half the amount that was exported before May 2014. [4] On 11 June 2015, Petróleos de Venezuela S.A. (PdV) announced that it would not renew the contract to import gas from Colombia, letting the contract expire on 30 June.
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).
[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.
Oil and gas companies of Colombia (4 P) This page was last edited on 3 November 2019, at 00:01 (UTC). Text is available under the Creative Commons Attribution ...
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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.