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PDVSA

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491:). Each of the former concessionaires was simply substituted by a new 'national' oil company, which maintained the structures and functions of its multi-national corporation (MNC) predecessor. With the 1976 nationalization, each previous multinational operator was converted into an affiliate of PDVSA; these affiliates were grouped into an administrative structure underneath both PDVSA and the Venezuelan Ministry of Energy. With this absorption, PDVSA became the employer of engineers with comprehensive technical training from the old multinational corporations and promptly took advantage of their newfound expertise. Within 25 years of nationalization, PDVSA would become the largest company in Latin America and the tenth most profitable in the world. In that 25-year span they went from 18 billion barrels to over 80 billion barrels worth of 268: 946:
ownership to one of PDVSA's creditors. Losing Citgo would be disastrous for PDVSA, as they would lose the key terminal of their export chain to the US and the chemical additives necessary for oil refinery that Citgo produces. The loss would wreak additional havoc on Venezuela's economy, drying up the revenue stream that provides 90% of the government's hard-currency earnings. In April 2019 the next payment was due and at the time, PDVSA was completely insolvent, with the rest of their $ 60 billion debt. Canadian mining firm
328:, PDVSA was mainly used as a vital source of income for the Venezuelan government. Profits were also used to assist the presidency, with funds directed towards allies of the Venezuelan government. With PDVSA focusing on political projects instead of oil production, mechanical and technical statuses deteriorated while employee expertise was removed following thousands of politically motivated firings. Incompetence within the company has led to serious inefficiencies and accidents and to endemic corruption; at least 345: 4548: 1369: 25: 839:, minister of planning until in 2014, estimates that $ 300 billion was simply stolen. Despite having some of the largest proven oil reserves in the world, in June 2018 PDVSA's actions grew more desperate as they began to import and refine foreign crude oil for the first time in the country's history so they could meet export demands. Oil production had also slowed to levels not seen since the 1950s due to economic and management difficulties. 1383: 590:(ILO) called on the Venezuelan government to launch "an independent investigation into allegations of detention and torture," surrounding this strike. The company has since formed its own militia, which all employees join on a voluntary basis, to ward off a potential "coup" by the government. It considers itself virtually indistinguishable from the state, its social programs more or less running the country's "socialist revolution". 65: 194: 177: 157: 3015: 1233: 1397: 570: 448:, the energy minister, gave PDVSA workers a choice: Support President Hugo Chávez, or lose their jobs. The minister also said: "PDVSA is red , red from top to bottom". Chávez defended Ramírez, saying that public workers should back the "revolution". He added that "PDVSA's workers are with this revolution, and those who aren't should go somewhere else. Go to 730:
agreed and retained minority shares in their Venezuelan projects. Reaching a settlement with ExxonMobil proved difficult; Venezuela offered book value for ExxonMobil's assets, while ExxonMobil asked for as much as $ 12 billion. As of January 2012, this and the claims of ConocoPhillips remained before
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and in 1990 the remaining half. With full ownership of Citgo, PDVSA at its peak controlled 10% of the US domestic oil market, creating a lucrative export chain from Venezuelan soil to American consumers, as the two largest buyers of Venezuelan petroleum are the United States and China, respectively.
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PDVSA many of its managers become active in Venezuelan politics and served as national representatives in economic summits. Chávez continued this trend, further incorporating PDVSA into the government's structure, but made social welfare the priority. During his campaign, Chávez repeatedly said that
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trade union federation, join to pressure Venezuelan president Hugo Chávez to call early elections, and virtually stop oil production for two months. Nearly 19,000 employees, most of them seasoned professionals, were summarily dismissed, and production resumed with employees loyal to the government.
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liberalization policies with the country's ruling groups, energizing his working class supporters against the companies former special arrangements. In 1998, PDVSA produced 3.4 million barrels of oil a day and had 40,000 employees. By law, it deposited its revenues in the sovereign fund accounts in
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decision which removed older laws prohibiting cooperation with multi-national corporations on Venezuelan land. From 1993 through 1998, PDVSA split extraction rights with multiple multi-national companies in special arrangements called "strategic associations", in effect trading Venezuelan crude oil
533:, PDVSA ran autonomously, making oil decisions based on internal guidance to increase profits. Chávez, once he came to power, started directing PDVSA and effectively turned it into a direct government arm whose profits would be injected into social spending. The result of this was the creation of " 424:
In 2002, many PDVSA employees went on strike against the policies of Chávez, who in response fired over 19,000 workers from the company. As of 2014, Intevep, the research and development arm of PDVSA, reportedly lost 80% of its workers, severely damaging PDVSA's ability to innovate and compete in
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scheme between PDVSA and its contractors. The scheme involved members within the company who would insure favorable treatment of vendors in exchange for kickbacks. For example, in 2015, Roberto Enrique Rincon was arrested and in 2016 pleaded guilty to bribery and tax evasion in a scheme to secure
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operating continuously. By the end of 2013, Venezuela produced 1.2 million barrels of oil per day from the Orinoco, falling short of its target of 1.5 million barrels. The repeated poor performances of PDVSA were heavily linked to Venezuela's current hyperinflation crisis. In order to correct for
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In 2020, Maduro created a committee to restructure PDVSA. In September 2021, a U.S. trial began about PDVSA owing $ 150 million to Siemens Energy, which PDVSA said it could not pay because of U.S. sanctions. By 2023, PDVSA had not paid bills for $ 21.2 billion; Maduro suspended the committee and
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The Board of Directors of PDVSA "is the administrative body of the Corporation, with the broadest powers of management and disposal, without other limitations than those established by law and the social bylaws of PDVSA". It is responsible for preparing and presenting operational and financial
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In October 2018, PDVSA paid $ 949 million on its Citgo backed bond to investors, a payment many analysts thought was impossible for the company given its recent liquidity struggles. The payment meant that PDVSA would continue to own Citgo, but failure to pay would result in Citgo transferring
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on the island, though it intends to end its lease at the end of 2019. The refinery has been operating at below capacity for at least two years, due to maintenance problems and difficulty supplying crude oil as third parties attempt to legally seize oil shipments in lieu of payment by
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The new sanctions are an attempt to close a number of loopholes Venezuela has used to sell off assets and raise money. They restrict the ability of Venezuela and state-owned oil company PDVSA to issue new debt or stock in U.S. dollars, or engage in other financial dealings with U.S.
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the global petroleum market. PDVSA saw stagnant growth in the following era which was defined by a boom in oil prices. Between 2002 and 2012, incapacitating injuries to employees rose from 1.8 per million man hours to 6.2, extremely high compared to 0.6 per million man hours for
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PDVSA has a production capacity, including the strategic associations and operating agreements, of 4 million barrels (640,000 m) per day (600,000 m). Officials say production is around 3.3 million barrels per day (520,000 m/d) although most secondary sources such as
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for the efficiency that came from outside expertise and technology. These "strategic associations" were controversial: Venezuela was able to maximize profits at the cost of lenient taxation on the multinational companies and the loss of control over domestic resources. With
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was another creditor of PDVSA's Citgo holdings and could potentially end up in control should PDVSA default in 2020. Crystallex, through a US court case, had already received an undisclosed amount of Citgo shares in compensation for Venezuela's 2008
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in order to initiate a gas production project at the Cardon VI gas block in Venezuela. Production from this joint venture is estimated to reach between 80 and 100 million cubic meters of gas. In February 2014, PDVSA and the Anglo-French oil firm
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as an extraction partner, anticipating to extract 2.1 million barrels of petroleum per day. With the onset of the Crisis in Venezuela, the country borrowed 1.5 billion dollars from Russia, offering 49.9% of PDVSA's share in Citgo as collateral.
522:, Venezuela's attention became increasingly focused on complying with OPEC. As oil prices collapsed in the late 1990s, however, keeping the special arrangements while conforming to OPEC regulations became impossible, leading to an end of the 663:
Investor Service said it was removing its standalone ratings on PDVSA because the oil company did not provide adequate operational and financial information. As of 2019, PDVSA had still not filed its 2004 financial results with the US
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entered into talks for a $ 600 million financing deal to boost production at their Petrowarao joint venture. In October 2014, Venezuela imported its first ever ship of oil from Algeria so that they could dilute their oil.
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filed a lawsuit in the US to invalidate the PDVSA 2020 bonds. In January 2022, the US Treasury extended a rule to shield Citgo from being seized by creditors, and in April 2023 it extended it for another 3 months.
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oilwell 1 (Mene Grande). This was the birth of Petróleos de Venezuela S.A. (PDVSA). All foreign oil companies that once did business in Venezuela were replaced by Venezuelan companies, such as Lagoven (
1535: 656:. Under the program, Citgo offered a total of around 50 million US gallons (190,000 m) of heating oil at below market prices, equivalent to a discount of between 60 and 80 cents a gallon. 742:
In February 2012, PDVSA paid $ 255 million to ExxonMobil in compensation for nationalization of ExxonMobil's Venezuelan assets in 2007 and $ 420 million to be paid beginning in 2012 to US firms
2009: 433:, where the oil consistency was similar to that of the Orinoco. As a result, the number of Venezuelans in Alberta has risen from 465 in 2001 to 3,860 in 2011. Other PDVSA workers migrated to 2405: 336:, minister of planning until in 2014, estimates that $ 300 billion was simply stolen. In 2018 thousands of workers left PDVSA, especially after the company was put under military control. 2258: 753:
During the same time, oil executives and politicians siphoned off at least $ 11 billion. More than 24 Venezuelans linked to four corruption schemes amassed at least $ 273 million in 25
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company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on January 1, 1976, with the
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to low income families in Boston at a discount of 40% below market price. Similar agreements were later set up with other states and cities in the US Northeast, including New York's
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and making up approximately half the total. This puts Venezuela as fifth in the world in proven reserves of conventional oil. By also including an estimated 235 billion barrels (3.74
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The current board of directors was appointed by Presidential Decree No. 4.846 published in Extraordinary Official Gazette No. 6760 of August 28, 2023 and is composed of:
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and produced an additional $ 406 billion worth of oil. Production dropped further, to half of its 1998 benchmark. Accountability for the funds was no longer required and
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energy contracts. In 2016, he was described as having built "36 maletín-based companies with intractable nested ownership structures". These actions violated the US's
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these shortcomings, Maduro installed more Venezuelan military members in several key PDVSA positions, in an effort to reduce the corruption and inefficiency.
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are the largest in the world and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. Following the
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10 m) of natural gas reserves. The crude oil PDVSA extracts from the Orinoco is refined into a fuel eponymously named 'Orimulsion'.
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Wiseman, Colin and Daniel Béland. “The Politics of Institutional Change in Venezuela: Oil Policy During the Presidency of Hugo Chávez.”
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Scigliuzzo, Davide. “PDVSA Bewilders Bond Analysts by Making $ 949 Million Payments.” Bloomberg, 30 Oct. 2018. Accessed 3 Nov. 2018.
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Brigido R. Natera (February 1984 – October 1986) B.S. Geology, Universidad Central de Venezuela, M.B.A. Stanford University, 1968.
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PDVSA was previously too autonomous and powerful, and that its managers acted subversively to Venezuela. Chávez turned the post-
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in August 2012 which caused an explosion, killing 48 people and damaging 1600 homes. A lightning strike caused a fire at the
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fell steeply, a drop of 700,000 barrels per day. Soaring oil prices began in 2002 and peaked in 2008 at $ 147 per barrel.
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were expropriated in 2007 after they declined to restructure their holdings in Venezuela to give PDVSA majority control;
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reports, as well as formulating and implementing the company's operational, economic, financial, and social strategies.
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of their mines. A separate Canadian mining firm, Rusoro, was also pursuing $ 1.28 billion in repayment for the prior
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as part of a renationalization program. Subsequently, the ownership share rose to 93.62% by December 2008. Assets of
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Gustavo Roosen (March 1992 – March 1994) Minister of Education (1989), M.A. Comparative Law (NYU), B.A. Law –
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In the 1990s, Venezuela opened the company to global cooperation. The opening up of the Venezuelan oil industry, or
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Cunningham, Nick. “Corruption at Venezuela’s State-Run Oil Company Is Pushing the Country Deeper into a Crisis.”
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of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil
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saw an assessable increase in the nation, with tangible financial benefits like an increase in value of
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in 2012, highlighting the company's struggle to optimize. Several former PDVSA employees moved to
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Kline, Harvey F. (April 24, 2018). Kline, Harvey F; Wade, Christine J; Wiarda, Howard J (eds.).
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with Pedro Rafael Tellechea. According to Attorney General Tarek Saab, 51 people were detained.
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PDVSA into a political rallying point for his mostly lower-class supporters by associating its
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Whelan, Jeanne and Anthony Faiola. “Venezuela’s Foreign Creditors Try to Lay Claim to Citgo.”
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Valencia, Robert. “Don't Worry About War with North Korea - Venezuela Is the Real Problem.”
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Gaceta Oficial Extraordinario N.º 6.760 del 28 de agosto, mediante el decreto número 4.486.
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In 2008, PDVSA had been Latin America's largest company, but in 2009 it was overtaken by
534: 537:", oil funded social programs targeting poverty, illiteracy, hunger, and more. With the 38:
Please help update this article to reflect recent events or newly available information.
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Lander, Luis; LóPez-Maya, Margarita (May 2003). "Venezuela's Oil Reform And Chavismo".
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There have been worsening safety problems since 2003, culminating in a gas leak at the
886: 775:$ 68 million to repurchase all remaining shares of West Indies Oil Company (WIOC) from 743: 441:, and were credited with helping the company attain huge profits throughout the 2010s. 364: 267: 3722: 2487: 1344:, Germany – PDVSA was a 50% owner of Ruhr Oel GmbH, the other half belonging to 1251: 1127:(April 2002 – October 2004) Minister of Energy (1999), Secretary General OPEC (2001), 900:
for PDVSA, the country's major oil and gas company, which went up 5% in January 2019.
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accounts, which at their maximum held a total of at least 20.1 million Swiss francs.
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Giusti, Luis E. (1999). ""La Apertura": The Opening of Venezuela's Oil Industry".
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PDVSA acquired a minority stake in the Jamaican state-owned oil refinery in 2006.
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of its assets, through the US justice system until PDVSA begins making payments.
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In 2012, PDVSA announced that it would enter into a joint venture agreement with
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put Venezuela's output at least 500,000 barrels per day (79,000 m/d) lower.
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Ronny Rafael Romero Rodríguez - Vice President of International Affairs of PDVSA
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investigation into PDVSA corruption resulted in 12 guilty pleas pertaining to a
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Génesis Sabrina Ron Solano - Vice President of International Trade and Supply
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reserves in the world. Venezuela also has 150 trillion cubic feet (4.2
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Leyli Beatriz Ferrer Avendaño - Vice President of Planning and Engineering
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Luis Enrique Molina Duque - Vice President of Exploration and Production
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In 2013, despite dwindling performance, PDVSA was able to add Russia's
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against PDVSA that restricted the industry's access to credit markets.
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Venezuela's PDVSA, Perenco discuss $ 600 million financing for venture
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Juan Carlos Díaz Socorro - Vice President of National Trade and Supply
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Heyfred Jhoselin Segovia Marrero - Vice President of Finance of PDVSA
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Between 1999 and 2017, PDVSA earned an estimated $ 635 billion in
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In November 2005, PDVSA and its subsidiary in the United States,
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History of the Venezuelan oil industry § Nationalization
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fired the head of PDVSA and replaced him with Major General
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Filling station in Venezuela of PDV (a subsidiary of PDVSA)
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International Centre for Settlement of Investment Disputes
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saw many of PDVSA's managers and employees, including the
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Canadian Journal of Latin American and Caribbean Studies,
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BOPEC, Bonaire petroleum corporation 100% owned by PDVSA.
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With the prospects of Maduro leaving power in early 2019
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During the 2000s, PDVSA carried out showcase projects in
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of the Venezuelan Army, civil engineering degree at the
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Gustavo Adolfo Boadas Díaz - Deputy Minister of Refining
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Héctor Andrés Obregón Pérez - Executive Vice President
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purchased $ 2.8 billion of PDVSA 2022 bonds from the
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As of 2003, Venezuela had 77.5 billion barrels (1.232
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Non-renewable resource companies established in 1976
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International Association of Oil & Gas Producers
2164:"Venezuela Vows to Reject Arbitration in Exxon Case" 1364: 597:, and announced plans to nearly triple its fleet of 371:
10 m) of tar-like extra heavy crude oil in the
1878:de Córdoba, José; Forero, Juan (October 22, 2015). 1706:Neuman, William; Krauss, Clifford (June 14, 2018). 1216:Rafael Alfonzo Ravard (January 1976 – March 1983). 5469:Multinational companies headquartered in Venezuela 2895:Ministerio del Poder Popular para el Ecosocialismo 2030:German Zambrano, head of communications, cited in 1921:, 16, no. 1 (1979): 67, accessed December 3, 2014. 1707: 1029:Luis Miguel González Núñez - Vice President of Gas 495:, with a similar increase in production capacity. 2319:"Post-Chavez, Venezuela Enters a Downward Spiral" 1236:The Citgo sign as seen from Lansdowne St., Boston 5410: 2585:Armas, Mayela; Buitrago, Deisy (April 5, 2023). 2508:Kurmanaev, Anatoly; Vyas, Kejal (May 28, 2017). 2365:"Venezuela Is So Broke It Can't Even Export Oil" 2324:Wharton School of the University of Pennsylvania 2233:"Govt to Acquire WIOC | CARIBARENA ANTIGUA" 1877: 1770: 1530: 1528: 1268:Isla refinery, Curaçao – PDVSA leases the 1011:Pedro Rafael Tellechea Ruiz - President of PDVSA 2182: 1822:"Brain Haemorrhage; Venezuela's Oil Diaspora." 1587: 1585: 1583: 1204:Juan Chacín Guzmán (October 1986 – March 1990). 1176:Luis Giusti (March 1994 – February 1999) M.Sc. 1170:Héctor Ciavaldini (August 1999 - October 2000). 921:In 1986, PDVSA bought 50% of the United States 363:according to PDVSA figures, the largest in the 2485: 1682: 1258:– PDVSA owns a 50% stake with Finland's 1173:Roberto Mandini (February 1999 – August 1999). 4578: 3050: 2584: 2507: 2459: 2053:"PDVSA'S FLEET THREW $ 3.7 BILLION OVERBOARD" 1525: 1471: 1469: 1201:Andres Sosa Pietri (March 1990 – March 1992). 750:for natural gas assets nationalized in 2009. 609:to the latter to alleviate the effects of an 558: 375:region, Venezuela claims to hold the largest 332:11 billion was stolen between 2004 and 2015. 2488:"The fallen kingpin: Roberto Rincon's story" 2130: 1705: 1580: 1137:(February 2002 – April 2002) Academic Vice- 855:and were classified as conspiracy to commit 16:Venezuelan state-owned oil and power company 2156: 4585: 4571: 3057: 3043: 2136: 1627:El ocaso del chavismo: Venezuela 2005-2015 1624: 1466: 593:In 2005, PDVSA opened its first office in 266: 460: 5454:Venezuelan companies established in 1976 2942:(in European Spanish). September 8, 2018 2701:, 14 October 2018. Accessed 3 Nov. 2018. 2580: 2578: 2213: 2211: 1735: 1231: 771:In 2010, PDVSA loaned the government of 757:accounts opened between 2004 and 2015. 659:On July 28, 2006, credit ratings agency 568: 498: 343: 339: 5434:Government-owned companies of Venezuela 3977:China National Offshore Oil Corporation 2959: 2957: 2666:Latin American Politics and Development 2311: 1695:from the original on February 22, 2018. 1593:"Venezuela's oil industry: Up in smoke" 5411: 4980: 4592: 3851:Unconventional (oil and gas) reservoir 3610:2020 Russia–Saudi Arabia oil price war 3064: 2747:30 October 2018. Accessed 3 Nov. 2018. 2739: 2737: 2731:17 October 2018. Accessed 3 Nov. 2018. 2723: 2721: 2394:18 October 2018. Accessed 3 Nov. 2018. 2362: 1956: 1678: 1676: 1674: 1672: 1416:History of the Venezuelan oil industry 1042: 761:2010s: crisis in Venezuela, corruption 693: 579:Venezuelan general strike of 2002-2003 565:Venezuelan general strike of 2002–2003 420:Venezuelan general strike of 2002–2003 4566: 3038: 2711: 2709: 2707: 2662: 2658: 2656: 2610: 2575: 2429: 2427: 2345: 2343: 2341: 2208: 1935: 1933: 1931: 1929: 1927: 1818: 1816: 1814: 1812: 1810: 1766: 1764: 1762: 1760: 1248:– Citgo is 100% owned by PDVSA. 1222:Massachusetts Institute of Technology 1151:(October 2000 – February 2002) 998: 916: 698:In 2007, PDVSA bought 82% percent of 287: 5424:Energy companies established in 1976 3982:China National Petroleum Corporation 2954: 2353:19 April 2018. Accessed 3 Nov. 2018. 2120:"Largest companies in Latin América" 1987:Vol 35, No. 70 (2010), pp. 141-164. 1629:. Editorial Alfa. pp. 349–351. 1620: 1618: 1616: 1332:Bahamas Oil Refining Company (BORCO) 799:Policies enacted by Chávez caused a 18: 4972:Guayana Esequiba (Reclamation area) 2816:. September 2, 2012. Archived from 2734: 2718: 2403: 2363:Gramer, Robbie (January 26, 2017). 2078:"Venezuela gives US cheap oil deal" 2012:from the original on April 30, 2019 1669: 13: 5429:Oil and gas companies of Venezuela 4042:National Iranian South Oil Company 3758:Western Canadian Sedimentary Basin 2926: 2704: 2653: 2424: 2338: 1977: 1950: 1924: 1807: 1757: 1736:Buitrago, Deisy (April 17, 2018). 1352:. PDVSA sold its part to Russia's 1227: 1093:, Universidad Central de Venezuela 666:Securities and Exchange Commission 14: 5480: 4510:Intercontinental Exchange Futures 4399:Chicago Bridge & Iron Company 4052:Oil & Gas Development Company 3007: 2611:Cohen, Luc (September 21, 2021). 1613: 863:data leak found seven people had 588:International Labour Organization 413: 296:: Petroleum of Venezuela) is the 5101:Ecological Movement of Venezuela 4547: 4546: 3013: 2486:Francisco Toro (June 28, 2016). 2299:. El Universal. October 20, 2014 2137:Matt Daily (February 11, 2008). 1959:Journal of International Affairs 1683:Enrique Krauze (March 8, 2018). 1395: 1381: 1367: 193: 192: 176: 175: 156: 155: 63: 23: 4057:Oil and Natural Gas Corporation 2989: 2971: 2919:(in Spanish). August 28, 2023. 2909: 2883: 2857: 2832: 2802: 2776: 2750: 2691: 2650:, accessed on 10 December 2007. 2630: 2604: 2549: 2527: 2479: 2460:press release (June 16, 2016). 2453: 2397: 2384: 2356: 2289: 2269: 2251: 2225: 2112: 2092: 2070: 2045: 2024: 1994: 1907: 1871: 1845: 1840:Storm over Venezuela oil speech 1833: 1729: 1699: 1089:(September 2014 – August 2017) 993: 815:due to the issue. In addition, 5464:Holding companies of Venezuela 5444:National oil and gas companies 4663:Restorative Liberal Revolution 4525:Society of Petroleum Engineers 4296:Port Harcourt Refining Company 3962:Abu Dhabi National Oil Company 1785:10.1080/10714839.2003.11722513 1643: 1625:López Maya, Margarita (2016). 1554: 1497: 1438: 624:, announced an agreement with 1: 3471:Production sharing agreements 2194:Latin American Herald Tribune 1657:. Toronto. September 17, 2012 1651:"Venezuela Inc., up in smoke" 1063:(November 2017 – April 2020) 853:Foreign Corrupt Practices Act 242:Electricidad de Caracas, C.A. 5459:Companies based in Maracaibo 4505:Canadian petroleum companies 4500:American Petroleum Institute 4037:National Iranian Oil Company 4022:Kuwait Petroleum Corporation 2261:. BrightWire. Archived from 2124:rankings.americaeconomia.com 2057:alianza.shorthandstories.com 1859:(in Spanish). March 29, 2014 1773:NACLA Report on the Americas 1326:Hess Oil Virgin Islands Corp 990:refinery in September 2012. 668:that were due in June 2005. 526:arrangements for Venezuela. 277:Petróleos de Venezuela, S.A. 7: 5037:Democratic Unity Roundtable 5026:People's Electoral Movement 4960:Supreme Tribunal of Justice 4520:International Energy Agency 3505:Enhanced oil recovery (EOR) 2221:. OCCRP. February 20, 2022. 1411:Corporación Trebol Gas C.A. 1360: 1242:Citgo Petroleum Corporation 1155:of the Venezuelan Army and 1057:(April 2020 – January 2023) 1049:Pedro Rafael Tellechea Ruíz 779:'s National Petroleum Ltd. 359:10 m) of conventional 97:; 48 years ago 58:Petróleos de Venezuela S.A. 10: 5485: 4733:2017 constitutional crisis 4107:PTT Public Company Limited 3708:East Midlands Oil Province 3693:List of natural gas fields 3293:Integrated asset modelling 2170:. Reuters. January 8, 2012 1149:Guaicaipuro Lameda Montero 977:Paraguaná Refinery Complex 885:'s administration imposed 881:In August 2017, President 764: 562: 559:2000–2010: Social spending 464: 455: 417: 5370: 5291: 5218: 5209: 5130: 5121: 5074: 5034: 5006:Movement We Are Venezuela 4989: 4862:Human rights in Venezuela 4847: 4838: 4769: 4760: 4708:1992 coup d'état attempts 4643:Revolution of the Reforms 4613: 4604: 4542: 4492: 4479:Weatherford International 4358: 4208: 4160: 4012:Iraq National Oil Company 3948: 3905: 3890: 3881: 3766: 3683: 3565: 3451: 3345: 3273: 3216: 3175: 3168: 3090: 3072: 1947:. Accessed Oct 25, 2018." 1941:The National of Venezuela 1919:Journal of Peace Research 1828:World History in Context. 1826:19 July 2014, p. 31(US). 1315: 1161:University of the Pacific 1069:Bolivarian National Guard 970: 876:Central Bank of Venezuela 553:Central Bank of Venezuela 510:, was initialized with a 398:During the presidency of 322:Oil reserves in Venezuela 253: 221: 211: 201: 184: 167: 151: 133: 120: 109: 91: 81: 71: 62: 32:This article needs to be 4879:Administrative divisions 4738:2019 presidential crisis 4718:2002 coup d'état attempt 4653:Revindicating Revolution 2983:www.curacaochronicle.com 2466:US Department of Justice 1689:New York Review of Books 1431: 1051:(January 2023 – present) 903: 688:Latin Business Chronicle 512:Venezuelan Supreme Court 471:Under the presidency of 4852:Corruption in Venezuela 4530:World Petroleum Council 4404:China Oilfield Services 3461:Petroleum fiscal regime 3160:Western Canadian Select 3155:West Texas Intermediate 2514:The Wall Street Journal 1991:. Accessed 3 Nov. 2018. 1211:Humberto Calderón Berti 700:Electricidad de Caracas 529:Before the election of 206:Government of Venezuela 5177:Science and technology 5091:Movement for Socialism 5001:United Socialist Party 4723:2002–03 general strike 4007:Indian Oil Corporation 3493:Submersible pump (ESP) 3438:Underbalanced drilling 3259:of gasoline and diesel 2869:Petróleos de Venezuela 2865:"Gobierno Corporativo" 1830:Accessed 11 Oct. 2018. 1262:holding the other 50%. 1237: 1157:Electrical Engineering 1115:Mechanical Engineering 1091:Exploration geophysics 909:replaced oil minister 748:Exterran Holdings, Inc 577:In December 2002, the 574: 461:1970s: Nationalization 352: 285:Spanish pronunciation: 197:$ 189.7 billion (2016) 76:State-owned enterprise 4384:Cameron International 3826:Petrodollar recycling 3809:fossil fuel phase-out 3372:Differential sticking 3325:Reflection seismology 3298:Petroleum engineering 3140:OPEC Reference Basket 2675:10.4324/9780429495045 2642:May 11, 2008, at the 1280:PDVSA has offices in 1235: 1186:Petroleum Engineering 1178:Petroleum Engineering 931:Southland Corporation 844:US Justice Department 613:due to a shortage of 572: 347: 340:Reserves and capacity 326:Bolivarian Revolution 5077:Agreement for Change 5016:For Social Democracy 4992:Great Patriotic Pole 4857:Torture in Venezuela 4826:World Heritage Sites 4801:Environmental issues 4281:Occidental Petroleum 3595:1990 oil price shock 3421:Shale oil extraction 3394:Drilling engineering 3377:Directional drilling 3303:Reservoir simulation 3022:at Wikimedia Commons 2729:The Washington Post, 2265:on January 19, 2013. 1322:Hovensa LLC refinery 1135:Gastón Parra Luzardo 1125:Alí Rodríguez Araque 180:$ 828 million (2016) 5263:List of Venezuelans 5086:Progressive Advance 4874:Crisis in Venezuela 4628:War of Independence 4429:Naftiran Intertrade 4374:Amec Foster Wheeler 4301:Reliance Industries 4190:Naftiran Intertrade 4002:Hindustan Petroleum 3600:2000s energy crisis 2541:. August 25, 2017. 2404:Parraga, Marianna. 2285:, February 24, 2014 2239:on January 19, 2013 2080:. November 23, 2005 1885:Wall Street Journal 1043:Presidents of PDVSA 801:crisis in Venezuela 767:Crisis in Venezuela 694:2007 expropriations 675:and waste removal. 535:Bolivarian Missions 473:Carlos Andrés Pérez 402:the organization's 289:[peðeˈβesa] 213:Number of employees 163:48.0 billion (2016) 59: 5253:Indigenous peoples 5187:Telecommunications 4784:metropolitan areas 4276:Marathon Petroleum 3698:List of oil fields 3308:Reservoir modeling 3066:Petroleum industry 2764:. October 29, 2019 2563:. January 22, 2019 2168:The New York Times 2143:The New York Times 2008:. March 29, 2004. 1715:The New York Times 1685:"Hell of a Fiesta" 1568:on August 22, 2018 1562:"CITGO - About us" 1238: 999:Board of directors 917:Ownership of Citgo 887:economic sanctions 575: 365:Western Hemisphere 353: 57: 5439:Venezuelan brands 5406: 5405: 5366: 5365: 5205: 5204: 5117: 5116: 5113: 5112: 5109: 5108: 5061:Democratic Action 4926:National Assembly 4906:Foreign relations 4834: 4833: 4756: 4755: 4623:Captaincy General 4560: 4559: 4538: 4537: 4424:Nabors Industries 4354: 4353: 3552:Well intervention 3527:Petroleum product 3426:Ljungström method 3330:Seismic inversion 3315:Petroleum geology 3269: 3268: 3018:Media related to 2897:. August 28, 2023 2351:Business Insider, 2281:, International: 1601:. August 27, 2012 1542:on April 18, 2009 1485:. August 12, 2017 1426:Nervis Villalobos 1165:economic planning 1153:Brigadier General 962:In October 2019, 911:Tareck El Aissami 744:Williams Cos Inc. 487:), and Llavonen ( 350:Isla de Margarita 274: 273: 95:January 1976 53: 52: 5476: 5386: 5379: 5216: 5215: 5128: 5127: 5079: 5039: 4994: 4987: 4986: 4978: 4977: 4845: 4844: 4767: 4766: 4683:1958 coup d'état 4678:El Trienio Adeco 4611: 4610: 4587: 4580: 4573: 4564: 4563: 4550: 4549: 4251:Hess Corporation 3972:Bharat Petroleum 3903: 3902: 3888: 3887: 3575:1967 Oil Embargo 3411:Lost circulation 3249:Posted oil price 3173: 3172: 3130:Isthmus-34 Light 3059: 3052: 3045: 3036: 3035: 3031: 3030: 3028:Official website 3017: 3001: 3000: 2993: 2987: 2986: 2975: 2969: 2961: 2952: 2951: 2949: 2947: 2930: 2924: 2923: 2913: 2907: 2906: 2904: 2902: 2887: 2881: 2880: 2878: 2876: 2861: 2855: 2854: 2852: 2850: 2836: 2830: 2829: 2827: 2825: 2820:on March 5, 2016 2806: 2800: 2799: 2797: 2795: 2790:. April 19, 2023 2780: 2774: 2773: 2771: 2769: 2754: 2748: 2741: 2732: 2725: 2716: 2713: 2702: 2695: 2689: 2688: 2660: 2651: 2634: 2628: 2627: 2625: 2623: 2608: 2602: 2601: 2599: 2597: 2582: 2573: 2572: 2570: 2568: 2553: 2547: 2546: 2531: 2525: 2524: 2522: 2520: 2505: 2499: 2498: 2496: 2494: 2483: 2477: 2476: 2474: 2472: 2457: 2451: 2450: 2448: 2446: 2431: 2422: 2421: 2419: 2417: 2401: 2395: 2388: 2382: 2381: 2379: 2377: 2360: 2354: 2347: 2336: 2335: 2333: 2331: 2315: 2309: 2308: 2306: 2304: 2293: 2287: 2286: 2273: 2267: 2266: 2255: 2249: 2248: 2246: 2244: 2235:. Archived from 2229: 2223: 2222: 2215: 2206: 2205: 2203: 2201: 2196:. March 26, 2012 2186: 2180: 2179: 2177: 2175: 2160: 2154: 2153: 2151: 2149: 2134: 2128: 2127: 2116: 2110: 2109: 2096: 2090: 2089: 2087: 2085: 2074: 2068: 2067: 2065: 2063: 2049: 2043: 2042: 2028: 2022: 2021: 2019: 2017: 1998: 1992: 1981: 1975: 1974: 1954: 1948: 1937: 1922: 1911: 1905: 1904: 1902: 1900: 1875: 1869: 1868: 1866: 1864: 1849: 1843: 1837: 1831: 1820: 1805: 1804: 1768: 1755: 1754: 1752: 1750: 1733: 1727: 1726: 1724: 1722: 1711: 1703: 1697: 1696: 1680: 1667: 1666: 1664: 1662: 1647: 1641: 1640: 1622: 1611: 1610: 1608: 1606: 1589: 1578: 1577: 1575: 1573: 1564:. Archived from 1558: 1552: 1551: 1549: 1547: 1538:. Archived from 1532: 1523: 1522: 1520: 1518: 1509: 1501: 1495: 1494: 1492: 1490: 1473: 1464: 1463: 1461: 1459: 1454:. April 27, 2020 1442: 1405: 1403:Companies portal 1400: 1399: 1398: 1391: 1386: 1385: 1377: 1375:Venezuela portal 1372: 1371: 1370: 1356:in October 2010. 1336:Buckeye Partners 1131:Economics – UCV. 1088: 1080:Eulogio Del Pino 989: 857:money laundering 520:election in 1998 382: 370: 358: 291: 286: 270: 265: 262: 260: 196: 195: 189: 179: 178: 159: 158: 105: 103: 98: 67: 60: 56: 48: 45: 39: 27: 26: 19: 5484: 5483: 5479: 5478: 5477: 5475: 5474: 5473: 5409: 5408: 5407: 5402: 5389: 5382: 5375: 5362: 5287: 5268:Public holidays 5201: 5105: 5075: 5070: 5035: 5030: 5011:Communist Party 4990: 4976: 4911:Law enforcement 4830: 4821:Natural Regions 4752: 4600: 4591: 4561: 4556: 4534: 4488: 4484:John Wood Group 4474:Valaris Limited 4367: 4364: 4361: 4350: 4216:APA Corporation 4204: 4156: 3955: 3952: 3944: 3899: 3896: 3893: 3883: 3877: 3778:Classification 3762: 3685: 3679: 3615:Nationalization 3585:1979 oil crisis 3580:1973 oil crisis 3561: 3547:Water injection 3515:Steam injection 3510:Gas reinjection 3478:Artificial lift 3447: 3389:Drill stem test 3341: 3265: 3212: 3164: 3086: 3068: 3063: 3026: 3025: 3010: 3005: 3004: 2995: 2994: 2990: 2977: 2976: 2972: 2965:Washington Post 2962: 2955: 2945: 2943: 2932: 2931: 2927: 2915: 2914: 2910: 2900: 2898: 2889: 2888: 2884: 2874: 2872: 2863: 2862: 2858: 2848: 2846: 2844:Petroleum World 2838: 2837: 2833: 2823: 2821: 2808: 2807: 2803: 2793: 2791: 2782: 2781: 2777: 2767: 2765: 2756: 2755: 2751: 2742: 2735: 2726: 2719: 2714: 2705: 2696: 2692: 2685: 2661: 2654: 2644:Wayback Machine 2637:Company History 2635: 2631: 2621: 2619: 2609: 2605: 2595: 2593: 2583: 2576: 2566: 2564: 2555: 2554: 2550: 2533: 2532: 2528: 2518: 2516: 2506: 2502: 2492: 2490: 2484: 2480: 2470: 2468: 2458: 2454: 2444: 2442: 2441:. July 16, 2018 2433: 2432: 2425: 2415: 2413: 2402: 2398: 2389: 2385: 2375: 2373: 2361: 2357: 2348: 2339: 2329: 2327: 2317: 2316: 2312: 2302: 2300: 2295: 2294: 2290: 2275: 2274: 2270: 2257: 2256: 2252: 2242: 2240: 2231: 2230: 2226: 2217: 2216: 2209: 2199: 2197: 2188: 2187: 2183: 2173: 2171: 2162: 2161: 2157: 2147: 2145: 2135: 2131: 2118: 2117: 2113: 2098: 2097: 2093: 2083: 2081: 2076: 2075: 2071: 2061: 2059: 2051: 2050: 2046: 2031: 2029: 2025: 2015: 2013: 2000: 1999: 1995: 1982: 1978: 1955: 1951: 1945:General OneFile 1943:, 3 Feb. 2017. 1938: 1925: 1912: 1908: 1898: 1896: 1876: 1872: 1862: 1860: 1857:El Confidencial 1851: 1850: 1846: 1838: 1834: 1821: 1808: 1769: 1758: 1748: 1746: 1734: 1730: 1720: 1718: 1704: 1700: 1681: 1670: 1660: 1658: 1649: 1648: 1644: 1637: 1623: 1614: 1604: 1602: 1591: 1590: 1581: 1571: 1569: 1560: 1559: 1555: 1545: 1543: 1534: 1533: 1526: 1516: 1514: 1507: 1503: 1502: 1498: 1488: 1486: 1475: 1474: 1467: 1457: 1455: 1444: 1443: 1439: 1434: 1401: 1396: 1394: 1387: 1380: 1373: 1368: 1366: 1363: 1348:'s German unit 1318: 1252:Nynäs Petroleum 1230: 1228:Overseas assets 1082: 1074:Nelson Martínez 1055:Asdrúbal Chávez 1045: 1001: 996: 983: 973: 957:nationalization 953:nationalization 919: 906: 777:Bruce Rappaport 769: 763: 704:AES Corporation 696: 567: 561: 504: 469: 463: 458: 422: 416: 406:tripled, while 380: 368: 356: 342: 312:nationalization 284: 257: 245: 240: 238: 236: 234: 232: 230: 228: 214: 185: 172: 123: 101: 99: 96: 49: 43: 40: 37: 28: 24: 17: 12: 11: 5: 5482: 5472: 5471: 5466: 5461: 5456: 5451: 5446: 5441: 5436: 5431: 5426: 5421: 5404: 5403: 5401: 5400: 5395: 5388: 5387: 5380: 5372: 5371: 5368: 5367: 5364: 5363: 5361: 5360: 5359: 5358: 5353: 5348: 5338: 5333: 5328: 5323: 5321:Miss Venezuela 5318: 5313: 5308: 5303: 5297: 5295: 5289: 5288: 5286: 5285: 5280: 5275: 5270: 5265: 5260: 5255: 5250: 5245: 5240: 5235: 5230: 5225: 5219: 5213: 5207: 5206: 5203: 5202: 5200: 5199: 5194: 5189: 5184: 5182:Stock Exchange 5179: 5174: 5169: 5164: 5159: 5158: 5157: 5152: 5142: 5137: 5131: 5125: 5119: 5118: 5115: 5114: 5111: 5110: 5107: 5106: 5104: 5103: 5098: 5093: 5088: 5082: 5080: 5072: 5071: 5069: 5068: 5066:Come Venezuela 5063: 5058: 5053: 5048: 5042: 5040: 5032: 5031: 5029: 5028: 5023: 5018: 5013: 5008: 5003: 4997: 4995: 4984: 4975: 4974: 4969: 4968: 4967: 4957: 4956: 4955: 4950: 4948:Vice President 4945: 4935: 4934: 4933: 4923: 4918: 4913: 4908: 4903: 4898: 4893: 4892: 4891: 4886: 4876: 4871: 4870: 4869: 4859: 4854: 4848: 4842: 4836: 4835: 4832: 4831: 4829: 4828: 4823: 4818: 4816:National parks 4813: 4808: 4803: 4798: 4793: 4788: 4787: 4786: 4776: 4770: 4764: 4758: 4757: 4754: 4753: 4751: 4750: 4745: 4740: 4735: 4730: 4725: 4720: 4715: 4713:Vargas tragedy 4710: 4705: 4700: 4695: 4690: 4688:Puntofijo Pact 4685: 4680: 4675: 4670: 4668:1902–03 crisis 4665: 4660: 4655: 4650: 4645: 4640: 4630: 4625: 4620: 4614: 4608: 4602: 4601: 4590: 4589: 4582: 4575: 4567: 4558: 4557: 4555: 4554: 4543: 4540: 4539: 4536: 4535: 4533: 4532: 4527: 4522: 4517: 4512: 4507: 4502: 4496: 4494: 4490: 4489: 4487: 4486: 4481: 4476: 4471: 4466: 4461: 4456: 4451: 4446: 4441: 4436: 4431: 4426: 4421: 4416: 4411: 4406: 4401: 4396: 4391: 4386: 4381: 4376: 4370: 4368: 4359: 4356: 4355: 4352: 4351: 4349: 4348: 4343: 4338: 4333: 4328: 4323: 4321:Surgutneftegas 4318: 4313: 4308: 4303: 4298: 4293: 4288: 4283: 4278: 4273: 4268: 4263: 4258: 4253: 4248: 4243: 4241:Eneos Holdings 4238: 4233: 4231:ConocoPhillips 4228: 4223: 4221:Cenovus Energy 4218: 4212: 4210: 4206: 4205: 4203: 4202: 4197: 4192: 4187: 4182: 4177: 4172: 4166: 4164: 4162:Energy trading 4158: 4157: 4155: 4154: 4149: 4144: 4139: 4134: 4129: 4124: 4119: 4114: 4109: 4104: 4099: 4094: 4089: 4084: 4079: 4074: 4069: 4064: 4059: 4054: 4049: 4044: 4039: 4034: 4029: 4024: 4019: 4014: 4009: 4004: 3999: 3994: 3989: 3984: 3979: 3974: 3969: 3964: 3958: 3956: 3949: 3946: 3945: 3943: 3942: 3937: 3932: 3927: 3922: 3917: 3911: 3909: 3900: 3891: 3885: 3879: 3878: 3876: 3875: 3874: 3873: 3868: 3863: 3858: 3848: 3846:Swing producer 3843: 3838: 3833: 3828: 3823: 3818: 3817: 3816: 3811: 3801: 3796: 3791: 3790: 3789: 3784: 3776: 3770: 3768: 3764: 3763: 3761: 3760: 3755: 3750: 3745: 3740: 3735: 3730: 3725: 3720: 3718:Gulf of Mexico 3715: 3710: 3705: 3700: 3695: 3689: 3687: 3681: 3680: 3678: 3677: 3672: 3667: 3662: 3657: 3652: 3647: 3642: 3637: 3632: 3627: 3622: 3617: 3612: 3607: 3605:2010s oil glut 3602: 3597: 3592: 3590:1980s oil glut 3587: 3582: 3577: 3571: 3569: 3563: 3562: 3560: 3559: 3554: 3549: 3544: 3539: 3534: 3529: 3524: 3519: 3518: 3517: 3512: 3502: 3497: 3496: 3495: 3490: 3485: 3475: 3474: 3473: 3468: 3457: 3455: 3449: 3448: 3446: 3445: 3440: 3435: 3430: 3429: 3428: 3418: 3413: 3408: 3407: 3406: 3399:Drilling fluid 3396: 3391: 3386: 3385: 3384: 3374: 3369: 3368: 3367: 3357: 3351: 3349: 3343: 3342: 3340: 3339: 3337:Seismic source 3334: 3333: 3332: 3322: 3317: 3312: 3311: 3310: 3305: 3295: 3290: 3285: 3279: 3277: 3271: 3270: 3267: 3266: 3264: 3263: 3262: 3261: 3251: 3246: 3241: 3236: 3231: 3226: 3220: 3218: 3214: 3213: 3211: 3210: 3205: 3200: 3195: 3190: 3185: 3179: 3177: 3170: 3166: 3165: 3163: 3162: 3157: 3152: 3147: 3142: 3137: 3135:Japan Cocktail 3132: 3127: 3122: 3117: 3112: 3107: 3102: 3096: 3094: 3088: 3087: 3085: 3084: 3082:Primary energy 3079: 3073: 3070: 3069: 3062: 3061: 3054: 3047: 3039: 3033: 3032: 3023: 3009: 3008:External links 3006: 3003: 3002: 2988: 2970: 2953: 2925: 2908: 2882: 2856: 2831: 2801: 2775: 2749: 2733: 2717: 2703: 2690: 2683: 2652: 2629: 2603: 2574: 2548: 2526: 2500: 2478: 2452: 2423: 2396: 2383: 2370:Foreign Policy 2355: 2337: 2310: 2288: 2268: 2250: 2224: 2207: 2181: 2155: 2129: 2111: 2091: 2069: 2044: 2023: 1993: 1976: 1965:(1): 117–128. 1949: 1923: 1906: 1888:(in Spanish). 1870: 1844: 1832: 1824:The Economist, 1806: 1756: 1728: 1698: 1668: 1655:Globe and Mail 1642: 1635: 1612: 1579: 1553: 1524: 1496: 1465: 1436: 1435: 1433: 1430: 1429: 1428: 1423: 1418: 1413: 1407: 1406: 1392: 1378: 1362: 1359: 1358: 1357: 1339: 1329: 1317: 1314: 1278: 1277: 1274: 1266: 1263: 1249: 1229: 1226: 1225: 1224: 1214: 1208: 1205: 1202: 1199: 1192: 1174: 1171: 1168: 1146: 1132: 1122: 1097:Rafael Ramírez 1094: 1077: 1071: 1061:Manuel Quevedo 1058: 1052: 1044: 1041: 1040: 1039: 1036: 1033: 1030: 1027: 1024: 1021: 1018: 1015: 1012: 1000: 997: 995: 992: 972: 969: 918: 915: 905: 902: 861:Suisse secrets 842:Since 2015, a 837:Jorge Giordani 821:Manuel Quevedo 817:Nicolás Maduro 805:hyperinflation 765:Main article: 762: 759: 712:ConocoPhillips 695: 692: 560: 557: 503: 497: 462: 459: 457: 454: 446:Rafael Ramírez 415: 414:Politicization 412: 408:oil production 341: 338: 334:Jorge Giordani 272: 271: 255: 251: 250: 225: 219: 218: 215: 212: 209: 208: 203: 199: 198: 190: 182: 181: 173: 168: 165: 164: 153: 149: 148: 146:petrochemicals 135: 131: 130: 127:Héctor Obregón 124: 121: 118: 117: 111: 107: 106: 93: 89: 88: 83: 79: 78: 73: 69: 68: 51: 50: 31: 29: 22: 15: 9: 6: 4: 3: 2: 5481: 5470: 5467: 5465: 5462: 5460: 5457: 5455: 5452: 5450: 5447: 5445: 5442: 5440: 5437: 5435: 5432: 5430: 5427: 5425: 5422: 5420: 5417: 5416: 5414: 5399: 5396: 5394: 5391: 5390: 5385: 5381: 5378: 5374: 5373: 5369: 5357: 5354: 5352: 5349: 5347: 5344: 5343: 5342: 5339: 5337: 5334: 5332: 5329: 5327: 5324: 5322: 5319: 5317: 5314: 5312: 5309: 5307: 5304: 5302: 5299: 5298: 5296: 5294: 5290: 5284: 5281: 5279: 5276: 5274: 5271: 5269: 5266: 5264: 5261: 5259: 5256: 5254: 5251: 5249: 5246: 5244: 5241: 5239: 5236: 5234: 5231: 5229: 5226: 5224: 5221: 5220: 5217: 5214: 5212: 5208: 5198: 5195: 5193: 5190: 5188: 5185: 5183: 5180: 5178: 5175: 5173: 5170: 5168: 5165: 5163: 5160: 5156: 5153: 5151: 5148: 5147: 5146: 5143: 5141: 5138: 5136: 5133: 5132: 5129: 5126: 5124: 5120: 5102: 5099: 5097: 5094: 5092: 5089: 5087: 5084: 5083: 5081: 5078: 5073: 5067: 5064: 5062: 5059: 5057: 5054: 5052: 5049: 5047: 5046:Justice First 5044: 5043: 5041: 5038: 5033: 5027: 5024: 5022: 5019: 5017: 5014: 5012: 5009: 5007: 5004: 5002: 4999: 4998: 4996: 4993: 4988: 4985: 4983: 4979: 4973: 4970: 4966: 4963: 4962: 4961: 4958: 4954: 4951: 4949: 4946: 4944: 4941: 4940: 4939: 4936: 4932: 4929: 4928: 4927: 4924: 4922: 4919: 4917: 4914: 4912: 4909: 4907: 4904: 4902: 4899: 4897: 4894: 4890: 4887: 4885: 4882: 4881: 4880: 4877: 4875: 4872: 4868: 4865: 4864: 4863: 4860: 4858: 4855: 4853: 4850: 4849: 4846: 4843: 4841: 4837: 4827: 4824: 4822: 4819: 4817: 4814: 4812: 4809: 4807: 4804: 4802: 4799: 4797: 4794: 4792: 4789: 4785: 4782: 4781: 4780: 4777: 4775: 4772: 4771: 4768: 4765: 4763: 4759: 4749: 4746: 4744: 4741: 4739: 4736: 4734: 4731: 4729: 4726: 4724: 4721: 4719: 4716: 4714: 4711: 4709: 4706: 4704: 4701: 4699: 4696: 4694: 4693:El Carupanazo 4691: 4689: 4686: 4684: 4681: 4679: 4676: 4674: 4671: 4669: 4666: 4664: 4661: 4659: 4656: 4654: 4651: 4649: 4646: 4644: 4641: 4638: 4637:reunification 4634: 4633:Gran Colombia 4631: 4629: 4626: 4624: 4621: 4619: 4616: 4615: 4612: 4609: 4607: 4603: 4599: 4595: 4588: 4583: 4581: 4576: 4574: 4569: 4568: 4565: 4553: 4545: 4544: 4541: 4531: 4528: 4526: 4523: 4521: 4518: 4516: 4513: 4511: 4508: 4506: 4503: 4501: 4498: 4497: 4495: 4491: 4485: 4482: 4480: 4477: 4475: 4472: 4470: 4467: 4465: 4462: 4460: 4457: 4455: 4452: 4450: 4447: 4445: 4442: 4440: 4437: 4435: 4432: 4430: 4427: 4425: 4422: 4420: 4417: 4415: 4412: 4410: 4407: 4405: 4402: 4400: 4397: 4395: 4392: 4390: 4387: 4385: 4382: 4380: 4377: 4375: 4372: 4371: 4369: 4366: 4357: 4347: 4346:Valero Energy 4344: 4342: 4339: 4337: 4334: 4332: 4329: 4327: 4324: 4322: 4319: 4317: 4314: 4312: 4311:Suncor Energy 4309: 4307: 4304: 4302: 4299: 4297: 4294: 4292: 4289: 4287: 4284: 4282: 4279: 4277: 4274: 4272: 4269: 4267: 4264: 4262: 4259: 4257: 4254: 4252: 4249: 4247: 4244: 4242: 4239: 4237: 4234: 4232: 4229: 4227: 4224: 4222: 4219: 4217: 4214: 4213: 4211: 4207: 4201: 4198: 4196: 4193: 4191: 4188: 4186: 4183: 4181: 4178: 4176: 4173: 4171: 4168: 4167: 4165: 4163: 4159: 4153: 4150: 4148: 4145: 4143: 4140: 4138: 4135: 4133: 4130: 4128: 4125: 4123: 4120: 4118: 4115: 4113: 4110: 4108: 4105: 4103: 4100: 4098: 4095: 4093: 4090: 4088: 4085: 4083: 4080: 4078: 4075: 4073: 4070: 4068: 4065: 4063: 4060: 4058: 4055: 4053: 4050: 4048: 4045: 4043: 4040: 4038: 4035: 4033: 4030: 4028: 4025: 4023: 4020: 4018: 4015: 4013: 4010: 4008: 4005: 4003: 4000: 3998: 3995: 3993: 3990: 3988: 3985: 3983: 3980: 3978: 3975: 3973: 3970: 3968: 3965: 3963: 3960: 3959: 3957: 3954: 3947: 3941: 3940:TotalEnergies 3938: 3936: 3933: 3931: 3928: 3926: 3923: 3921: 3918: 3916: 3913: 3912: 3910: 3908: 3904: 3901: 3898: 3889: 3886: 3884:organisations 3882:Companies and 3880: 3872: 3869: 3867: 3864: 3862: 3859: 3857: 3854: 3853: 3852: 3849: 3847: 3844: 3842: 3839: 3837: 3834: 3832: 3829: 3827: 3824: 3822: 3821:Petrocurrency 3819: 3815: 3812: 3810: 3807: 3806: 3805: 3802: 3800: 3797: 3795: 3794:Oil shale gas 3792: 3788: 3785: 3783: 3780: 3779: 3777: 3775: 3774:Abbreviations 3772: 3771: 3769: 3765: 3759: 3756: 3754: 3751: 3749: 3746: 3744: 3741: 3739: 3736: 3734: 3733:Permian Basin 3731: 3729: 3726: 3724: 3721: 3719: 3716: 3714: 3711: 3709: 3706: 3704: 3701: 3699: 3696: 3694: 3691: 3690: 3688: 3682: 3676: 3673: 3671: 3670:United States 3668: 3666: 3663: 3661: 3658: 3656: 3653: 3651: 3648: 3646: 3643: 3641: 3638: 3636: 3633: 3631: 3630:Seven Sisters 3628: 3626: 3623: 3621: 3618: 3616: 3613: 3611: 3608: 3606: 3603: 3601: 3598: 3596: 3593: 3591: 3588: 3586: 3583: 3581: 3578: 3576: 3573: 3572: 3570: 3568: 3564: 3558: 3555: 3553: 3550: 3548: 3545: 3543: 3540: 3538: 3535: 3533: 3530: 3528: 3525: 3523: 3520: 3516: 3513: 3511: 3508: 3507: 3506: 3503: 3501: 3498: 3494: 3491: 3489: 3486: 3484: 3481: 3480: 3479: 3476: 3472: 3469: 3467: 3464: 3463: 3462: 3459: 3458: 3456: 3454: 3450: 3444: 3441: 3439: 3436: 3434: 3431: 3427: 3424: 3423: 3422: 3419: 3417: 3414: 3412: 3409: 3405: 3402: 3401: 3400: 3397: 3395: 3392: 3390: 3387: 3383: 3380: 3379: 3378: 3375: 3373: 3370: 3366: 3363: 3362: 3361: 3358: 3356: 3353: 3352: 3350: 3348: 3344: 3338: 3335: 3331: 3328: 3327: 3326: 3323: 3321: 3318: 3316: 3313: 3309: 3306: 3304: 3301: 3300: 3299: 3296: 3294: 3291: 3289: 3286: 3284: 3283:Core sampling 3281: 3280: 3278: 3276: 3272: 3260: 3257: 3256: 3255: 3252: 3250: 3247: 3245: 3242: 3240: 3237: 3235: 3232: 3230: 3227: 3225: 3222: 3221: 3219: 3215: 3209: 3206: 3204: 3201: 3199: 3196: 3194: 3191: 3189: 3186: 3184: 3181: 3180: 3178: 3174: 3171: 3167: 3161: 3158: 3156: 3153: 3151: 3148: 3146: 3143: 3141: 3138: 3136: 3133: 3131: 3128: 3126: 3123: 3121: 3120:Indian Basket 3118: 3116: 3113: 3111: 3108: 3106: 3103: 3101: 3098: 3097: 3095: 3093: 3089: 3083: 3080: 3078: 3075: 3074: 3071: 3067: 3060: 3055: 3053: 3048: 3046: 3041: 3040: 3037: 3029: 3024: 3021: 3016: 3012: 3011: 2998: 2992: 2984: 2980: 2974: 2967: 2966: 2960: 2958: 2941: 2940: 2935: 2929: 2922: 2918: 2912: 2901:September 23, 2896: 2892: 2886: 2875:September 23, 2870: 2866: 2860: 2849:September 24, 2845: 2841: 2835: 2824:September 24, 2819: 2815: 2811: 2805: 2789: 2785: 2779: 2763: 2759: 2753: 2746: 2740: 2738: 2730: 2724: 2722: 2712: 2710: 2708: 2700: 2694: 2686: 2684:9780429495045 2680: 2676: 2672: 2668: 2667: 2659: 2657: 2649: 2645: 2641: 2638: 2633: 2618: 2614: 2607: 2592: 2588: 2581: 2579: 2562: 2561:Bloomberg.com 2558: 2552: 2545: 2540: 2536: 2530: 2515: 2511: 2504: 2489: 2482: 2467: 2463: 2456: 2440: 2436: 2430: 2428: 2412: 2411: 2407: 2400: 2393: 2387: 2372: 2371: 2366: 2359: 2352: 2346: 2344: 2342: 2326: 2325: 2320: 2314: 2298: 2292: 2284: 2280: 2279: 2272: 2264: 2260: 2254: 2238: 2234: 2228: 2220: 2214: 2212: 2195: 2191: 2185: 2169: 2165: 2159: 2144: 2140: 2133: 2125: 2121: 2115: 2107: 2106: 2101: 2095: 2079: 2073: 2058: 2054: 2048: 2040: 2039: 2034: 2027: 2011: 2007: 2003: 1997: 1990: 1986: 1980: 1972: 1968: 1964: 1960: 1953: 1946: 1942: 1936: 1934: 1932: 1930: 1928: 1920: 1916: 1910: 1895: 1891: 1887: 1886: 1881: 1874: 1858: 1854: 1848: 1841: 1836: 1829: 1825: 1819: 1817: 1815: 1813: 1811: 1802: 1798: 1794: 1790: 1786: 1782: 1778: 1774: 1767: 1765: 1763: 1761: 1745: 1744: 1739: 1732: 1717: 1716: 1710: 1702: 1694: 1690: 1686: 1679: 1677: 1675: 1673: 1661:September 24, 1656: 1652: 1646: 1638: 1636:9788417014254 1632: 1628: 1621: 1619: 1617: 1605:September 24, 1600: 1599: 1598:The Economist 1594: 1588: 1586: 1584: 1567: 1563: 1557: 1541: 1537: 1531: 1529: 1513: 1506: 1500: 1484: 1483: 1478: 1472: 1470: 1453: 1452: 1447: 1441: 1437: 1427: 1424: 1422: 1419: 1417: 1414: 1412: 1409: 1408: 1404: 1393: 1390: 1389:Energy portal 1384: 1379: 1376: 1365: 1355: 1351: 1347: 1343: 1340: 1337: 1333: 1330: 1327: 1323: 1320: 1319: 1313: 1311: 1307: 1303: 1299: 1295: 1291: 1287: 1283: 1275: 1271: 1270:Isla Refinery 1267: 1264: 1261: 1260:Neste Oil Oyj 1257: 1253: 1250: 1247: 1246:United States 1243: 1240: 1239: 1234: 1223: 1219: 1215: 1212: 1209: 1206: 1203: 1200: 1197: 1193: 1191: 1187: 1183: 1179: 1175: 1172: 1169: 1166: 1162: 1158: 1154: 1150: 1147: 1144: 1140: 1136: 1133: 1130: 1126: 1123: 1120: 1116: 1113: 1109: 1105: 1104:Energy policy 1102: 1098: 1095: 1092: 1086: 1081: 1078: 1075: 1072: 1070: 1066: 1065:Major general 1062: 1059: 1056: 1053: 1050: 1047: 1046: 1037: 1034: 1031: 1028: 1025: 1022: 1019: 1016: 1013: 1010: 1009: 1008: 1005: 991: 987: 982: 978: 968: 965: 960: 958: 954: 949: 943: 940: 935: 932: 928: 924: 914: 912: 901: 899: 895: 890: 888: 884: 879: 877: 873: 872:Goldman Sachs 870:In May 2017, 868: 866: 865:Credit Suisse 862: 858: 854: 849: 845: 840: 838: 834: 829: 826: 822: 818: 814: 813:Caribbean Sea 810: 809:food shortage 806: 802: 797: 794: 789: 785: 780: 778: 774: 768: 758: 756: 755:Credit Suisse 751: 749: 745: 740: 738: 734: 729: 725: 721: 717: 713: 709: 705: 702:company from 701: 691: 689: 685: 681: 676: 674: 669: 667: 662: 657: 655: 651: 647: 643: 639: 635: 631: 627: 626:Massachusetts 623: 618: 616: 612: 611:energy crisis 608: 604: 600: 596: 591: 589: 584: 580: 571: 566: 556: 554: 549: 545: 540: 536: 532: 527: 525: 521: 518: 513: 509: 502: 499:1980s–1990s: 496: 494: 490: 486: 482: 478: 474: 468: 453: 451: 447: 442: 440: 436: 432: 428: 421: 411: 409: 405: 401: 396: 394: 390: 384: 378: 374: 366: 362: 351: 346: 337: 335: 331: 327: 323: 319: 317: 313: 309: 305: 302: 299: 295: 290: 282: 278: 269: 264: 256: 252: 248: 243: 226: 224: 220: 216: 210: 207: 204: 200: 191: 188: 183: 174: 171: 166: 162: 154: 150: 147: 143: 139: 136: 132: 128: 125: 119: 115: 112: 108: 94: 90: 87: 84: 80: 77: 74: 70: 66: 61: 55: 47: 35: 30: 21: 20: 5351:coat of arms 5228:Demographics 5172:Oil industry 5162:Cooperatives 5149: 5051:Popular Will 4896:Constitution 4748:Coups d'état 4698:El Porteñazo 4673:World War II 4449:Schlumberger 4379:Baker Hughes 4271:Marathon Oil 4261:Imperial Oil 4256:Husky Energy 4246:Galp Energia 4236:Devon Energy 4122:Saudi Aramco 4102:Petrovietnam 4066: 4047:NNPC Limited 3951:National oil 3831:Petrofiction 3799:Orphan wells 3767:Other topics 3738:Persian Gulf 3665:Saudi Arabia 3635:Standard Oil 3443:Well logging 3320:Petrophysics 2991: 2982: 2973: 2963: 2946:September 8, 2944:. 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Retrieved 1449: 1440: 1279: 1006: 1002: 994:Organization 974: 961: 944: 936: 920: 907: 891: 883:Donald Trump 880: 869: 841: 830: 798: 781: 770: 752: 741: 697: 677: 673:shanty towns 670: 658: 646:Pennsylvania 642:Rhode Island 619: 592: 576: 547: 543: 538: 528: 523: 507: 505: 500: 493:oil reserves 483:), Maraven ( 481:Standard Oil 470: 443: 423: 397: 385: 373:Orinoco Belt 361:oil reserves 354: 320: 280: 276: 275: 237:PDV Deltaven 223:Subsidiaries 187:Total assets 110:Headquarters 72:Company type 54: 41: 33: 5248:Immigration 5135:Agriculture 4796:Earthquakes 4658:1895 crisis 4648:Federal War 4618:New Granada 4419:Halliburton 4291:Phillips 66 4112:QatarEnergy 4082:Petrobangla 4017:KazMunayGas 3907:Supermajors 3856:heavy crude 3743:Prudhoe Bay 3723:Niger Delta 3703:Caspian Sea 3466:Concessions 3416:Measurement 3382:Geosteering 3365:Squeeze job 3275:Exploration 3224:Consumption 3183:Consumption 3176:Natural gas 3105:Bonny Light 2699:Yahoo! News 2567:January 23, 2376:January 31, 2303:October 22, 1572:January 31, 1546:February 1, 1421:Petrocaribe 1310:Netherlands 1083: [ 984: [ 964:Juan Guaidó 859:. The 2022 630:heating oil 628:to provide 615:natural gas 599:oil tankers 531:Hugo Chávez 400:Hugo Chávez 377:hydrocarbon 348:PDVSA Gas, 308:natural gas 301:state-owned 142:natural gas 129:, President 116:, Venezuela 86:Oil and gas 5413:Categories 5311:Literature 5243:Healthcare 4743:Civil wars 4469:Transocean 4336:Tullow Oil 4326:TechnipFMC 4092:PetroChina 3930:ExxonMobil 3836:Shale band 3713:East Texas 3686:and fields 3500:Downstream 3453:Production 3360:Completion 3288:Geophysics 3229:Production 3188:Production 3125:Indonesian 3100:Argus Sour 3092:Benchmarks 2939:La Patilla 1273:Venezuela. 948:Crystallex 894:confidence 733:World Bank 708:ExxonMobil 563:See also: 465:See also: 418:See also: 298:Venezuelan 227:PDV Marina 170:Net income 144:and other 122:Key people 44:April 2024 5278:Squatting 5258:Languages 5238:Education 5197:Transport 5145:Companies 5056:A New Era 4938:President 4931:President 4901:Elections 4762:Geography 4594:Venezuela 4464:TC Energy 4365:companies 4195:Trafigura 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Index


State-owned enterprise
Oil and gas
Maracaibo
Héctor Obregón
Fuel
natural gas
petrochemicals
US$
Net income
Total assets
Government of Venezuela
Subsidiaries
Electricidad de Caracas, C.A.
Citgo
www.pdvsa.com
Edit this at Wikidata
[peðeˈβesa]
English
Venezuelan
state-owned
oil
natural gas
nationalization
exporter
Oil reserves in Venezuela
Bolivarian Revolution
US$
Jorge Giordani

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