Knowledge (XXG)

PDVSA

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502:). 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 957:
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
339:, 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 279: 850:, 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. 601:(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". 356: 4559: 1380: 36: 1394: 76: 205: 188: 168: 1244: 3026: 1408: 459:, 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 581: 741:
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
544:, 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 " 435:
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
822:, paychecks have become all but valueless, leading to mass resignation from workers. By 2017, PDVSA could not even afford to export oil through international waters, which requires safety inspections and cleaning under maritime law, with a fleet of tankers stranded in the 1345:, Bahamas – PDVSA was the sole owner of this oil storage terminal in the Caribbean until April 2008. The new owners were Royal Vopak (20%) and First Reserve Corporation (80%). It is doing business as Vopak Terminal Bahamas. They in turn sold the facility to 961:
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.
533:, 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 674:
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 (
1546: 667:. 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. 5459: 753:
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
5479: 2020: 444:, 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 747: 2416: 347:, 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. 2269: 764:
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
548:", oil funded social programs targeting poverty, illiteracy, hunger, and more. With the 355: 49:
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
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for PDVSA, the country's major oil and gas company, which went up 5% in January 2019.
17: 5423: 5056: 4703: 4643: 4399: 4356: 4321: 3950: 3831: 3804: 3738: 3130: 2647: 2230:"Black Gold in Swiss Vaults: Venezuelan Elites Hid Stolen Oil Money in Credit Suisse" 1864:"El futuro de la revolución, en manos del zar del petróleo y tercer hombre de Chávez" 1811: 1608: 1399: 1256: 1114: 1075: 882: 878:
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,
4464: 4404: 4157: 3635: 2769:"Allies of Venezuela's Guaido file lawsuit over PDVSA 2020 bond" 2401:“Venezuela Shakes Up PDVSA Management As Oil Production Tanks.” 1312: 697:, according to a ranking of the region's top 500 companies from 399: 148: 4577: 3049: 2928:"Hay nueva junta directiva en Pdvsa y cambian a tres ministros" 2446:"Venezuela pleads guilty in U.S. to role in PDVSA bribe scheme" 1749:"Under military rule, Venezuela oil workers quit in a stampede" 340: 171: 4296: 4162: 3935: 794: 314: 29: 2598:"Arrests in Venezuela probe of oil company PDVSA climb to 34" 1720:"Workers Flee and Thieves Loot Venezuela's Reeling Oil Giant" 478:
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
2175:"Venezuela Vows to Reject Arbitration in Exxon Case" 608:, and announced plans to nearly triple its fleet of 382:
10 m) of tar-like extra heavy crude oil in the
5302: 5220: 5132: 5085: 5045: 5000: 4991: 4849: 4771: 4615: 4503: 4369: 4219: 4171: 3959: 3916: 3901: 3892: 3777: 3694: 3576: 3462: 3356: 3284: 3227: 3186: 3179: 3101: 1889:de Córdoba, José; Forero, Juan (October 22, 2015). 1717:Neuman, William; Krauss, Clifford (June 14, 2018). 1227:Rafael Alfonzo Ravard (January 1976 – March 1983). 264: 232: 222: 212: 195: 178: 162: 144: 131: 120: 102: 92: 82: 5480:Multinational companies headquartered in Venezuela 2906:Ministerio del Poder Popular para el Ecosocialismo 2041:German Zambrano, head of communications, cited in 1932:, 16, no. 1 (1979): 67, accessed December 3, 2014. 1718: 1040:Luis Miguel González Núñez - Vice President of Gas 506:, with a similar increase in production capacity. 2330:"Post-Chavez, Venezuela Enters a Downward Spiral" 1247:The Citgo sign as seen from Lansdowne St., Boston 2596:Armas, Mayela; Buitrago, Deisy (April 5, 2023). 2519:Kurmanaev, Anatoly; Vyas, Kejal (May 28, 2017). 2376:"Venezuela Is So Broke It Can't Even Export Oil" 2335:Wharton School of the University of Pennsylvania 2244:"Govt to Acquire WIOC | CARIBARENA ANTIGUA" 1541: 1539: 1279:Isla refinery, Curaçao – PDVSA leases the 1022:Pedro Rafael Tellechea Ruiz - President of PDVSA 1833:"Brain Haemorrhage; Venezuela's Oil Diaspora." 1598: 1596: 1594: 1215:Juan Chacín Guzmán (October 1986 – March 1990). 1187:Luis Giusti (March 1994 – February 1999) M.Sc. 1181:Héctor Ciavaldini (August 1999 - October 2000). 932:In 1986, PDVSA bought 50% of the United States 374:according to PDVSA figures, the largest in the 1269:– PDVSA owns a 50% stake with Finland's 1184:Roberto Mandini (February 1999 – August 1999). 4589: 3061: 2064:"PDVSA'S FLEET THREW $ 3.7 BILLION OVERBOARD" 1482: 1480: 1212:Andres Sosa Pietri (March 1990 – March 1992). 761:for natural gas assets nationalized in 2009. 620:to the latter to alleviate the effects of an 386:region, Venezuela claims to hold the largest 343:11 billion was stolen between 2004 and 2015. 8: 2499:"The fallen kingpin: Roberto Rincon's story" 1148:(February 2002 – April 2002) Academic Vice- 866:and were classified as conspiracy to commit 68: 27:Venezuelan state-owned oil and power company 5226: 5138: 4997: 4988: 4855: 4777: 4621: 4596: 4582: 4574: 3913: 3898: 3183: 3068: 3054: 3046: 1638:El ocaso del chavismo: Venezuela 2005-2015 604:In 2005, PDVSA opened its first office in 277: 67: 5465:Venezuelan companies established in 1976 2953:(in European Spanish). September 8, 2018 2712:, 14 October 2018. Accessed 3 Nov. 2018. 2591: 2589: 2224: 2222: 782:In 2010, PDVSA loaned the government of 768:accounts opened between 2004 and 2015. 670:On July 28, 2006, credit ratings agency 5445:Government-owned companies of Venezuela 3988:China National Offshore Oil Corporation 2970: 2968: 2677:Latin American Politics and Development 1706:from the original on February 22, 2018. 1604:"Venezuela's oil industry: Up in smoke" 1448: 3862:Unconventional (oil and gas) reservoir 3621:2020 Russia–Saudi Arabia oil price war 2758:30 October 2018. Accessed 3 Nov. 2018. 2750: 2748: 2742:17 October 2018. Accessed 3 Nov. 2018. 2734: 2732: 2405:18 October 2018. Accessed 3 Nov. 2018. 1689: 1687: 1685: 1683: 1427:History of the Venezuelan oil industry 772:2010s: crisis in Venezuela, corruption 590:Venezuelan general strike of 2002-2003 576:Venezuelan general strike of 2002–2003 431:Venezuelan general strike of 2002–2003 2722: 2720: 2718: 2669: 2667: 2440: 2438: 2356: 2354: 2352: 1946: 1944: 1942: 1940: 1938: 1829: 1827: 1825: 1823: 1821: 1777: 1775: 1773: 1771: 1259:– Citgo is 100% owned by PDVSA. 1233:Massachusetts Institute of Technology 1162:(October 2000 – February 2002) 709:In 2007, PDVSA bought 82% percent of 298: 7: 5435:Energy companies established in 1976 3993:China National Petroleum Corporation 2364:19 April 2018. Accessed 3 Nov. 2018. 2131:"Largest companies in Latin América" 1998:Vol 35, No. 70 (2010), pp. 141-164. 1640:. Editorial Alfa. pp. 349–351. 1631: 1629: 1627: 1343:Bahamas Oil Refining Company (BORCO) 810:Policies enacted by Chávez caused a 4983:Guayana Esequiba (Reclamation area) 2827:. September 2, 2012. Archived from 2374:Gramer, Robbie (January 26, 2017). 2089:"Venezuela gives US cheap oil deal" 2023:from the original on April 30, 2019 5440:Oil and gas companies of Venezuela 4053:National Iranian South Oil Company 3769:Western Canadian Sedimentary Basin 1747:Buitrago, Deisy (April 17, 2018). 1363:. PDVSA sold its part to Russia's 1104:, Universidad Central de Venezuela 677:Securities and Exchange Commission 25: 4521:Intercontinental Exchange Futures 4410:Chicago Bridge & Iron Company 4063:Oil & Gas Development Company 2622:Cohen, Luc (September 21, 2021). 874:data leak found seven people had 599:International Labour Organization 307:: Petroleum of Venezuela) is the 5112:Ecological Movement of Venezuela 4558: 4557: 3024: 2497:Francisco Toro (June 28, 2016). 2310:. El Universal. October 20, 2014 2148:Matt Daily (February 11, 2008). 1970:Journal of International Affairs 1694:Enrique Krauze (March 8, 2018). 1406: 1392: 1378: 204: 203: 187: 186: 167: 166: 74: 34: 4068:Oil and Natural Gas Corporation 2930:(in Spanish). August 28, 2023. 2661:, accessed on 10 December 2007. 2471:press release (June 16, 2016). 1851:Storm over Venezuela oil speech 1100:(September 2014 – August 2017) 826:due to the issue. In addition, 5475:Holding companies of Venezuela 5455:National oil and gas companies 4674:Restorative Liberal Revolution 4536:Society of Petroleum Engineers 4307:Port Harcourt Refining Company 3973:Abu Dhabi National Oil Company 1796:10.1080/10714839.2003.11722513 1636:López Maya, Margarita (2016). 635:, announced an agreement with 1: 3482:Production sharing agreements 2205:Latin American Herald Tribune 1668:. Toronto. September 17, 2012 1662:"Venezuela Inc., up in smoke" 1074:(November 2017 – April 2020) 864:Foreign Corrupt Practices Act 253:Electricidad de Caracas, C.A. 5470:Companies based in Maracaibo 4516:Canadian petroleum companies 4511:American Petroleum Institute 4048:National Iranian Oil Company 4033:Kuwait Petroleum Corporation 2272:. BrightWire. Archived from 2135:rankings.americaeconomia.com 2068:alianza.shorthandstories.com 1870:(in Spanish). March 29, 2014 1784:NACLA Report on the Americas 1337:Hess Oil Virgin Islands Corp 1001:refinery in September 2012. 679:that were due in June 2005. 537:arrangements for Venezuela. 288:Petróleos de Venezuela, S.A. 5048:Democratic Unity Roundtable 5037:People's Electoral Movement 4971:Supreme Tribunal of Justice 4531:International Energy Agency 3516:Enhanced oil recovery (EOR) 2232:. OCCRP. February 20, 2022. 1422:Corporación Trebol Gas C.A. 1253:Citgo Petroleum Corporation 1166:of the Venezuelan Army and 1068:(April 2020 – January 2023) 1060:Pedro Rafael Tellechea Ruíz 790:'s National Petroleum Ltd. 370:10 m) of conventional 108:; 48 years ago 69:Petróleos de Venezuela S.A. 5496: 4744:2017 constitutional crisis 4118:PTT Public Company Limited 3719:East Midlands Oil Province 3704:List of natural gas fields 3304:Integrated asset modelling 2181:. Reuters. January 8, 2012 1160:Guaicaipuro Lameda Montero 988:Paraguaná Refinery Complex 896:'s administration imposed 892:In August 2017, President 775: 573: 570:2000–2010: Social spending 475: 428: 5381: 5229: 5141: 5017:Movement We Are Venezuela 4873:Human rights in Venezuela 4858: 4780: 4719:1992 coup d'état attempts 4654:Revolution of the Reforms 4624: 4553: 4490:Weatherford International 4023:Iraq National Oil Company 3083: 1958:. Accessed Oct 25, 2018." 1952:The National of Venezuela 1930:Journal of Peace Research 1839:World History in Context. 1837:19 July 2014, p. 31(US). 1172:University of the Pacific 1080:Bolivarian National Guard 887:Central Bank of Venezuela 564:Central Bank of Venezuela 521:, was initialized with a 409:During the presidency of 333:Oil reserves in Venezuela 73: 43:This article needs to be 4890:Administrative divisions 4749:2019 presidential crisis 4729:2002 coup d'état attempt 4664:Revindicating Revolution 2994:www.curacaochronicle.com 2477:US Department of Justice 1700:New York Review of Books 1062:(January 2023 – present) 699:Latin Business Chronicle 523:Venezuelan Supreme Court 482:Under the presidency of 4863:Corruption in Venezuela 4541:World Petroleum Council 4415:China Oilfield Services 3472:Petroleum fiscal regime 3171:Western Canadian Select 3166:West Texas Intermediate 2525:The Wall Street Journal 2002:. Accessed 3 Nov. 2018. 1222:Humberto Calderón Berti 711:Electricidad de Caracas 540:Before the election of 217:Government of Venezuela 5188:Science and technology 5102:Movement for Socialism 5012:United Socialist Party 4734:2002–03 general strike 4018:Indian Oil Corporation 3504:Submersible pump (ESP) 3449:Underbalanced drilling 3270:of gasoline and diesel 2880:Petróleos de Venezuela 2876:"Gobierno Corporativo" 1841:Accessed 11 Oct. 2018. 1273:holding the other 50%. 1248: 1168:Electrical Engineering 1126:Mechanical Engineering 1102:Exploration geophysics 920:replaced oil minister 759:Exterran Holdings, Inc 588:In December 2002, the 585: 472:1970s: Nationalization 363: 296:Spanish pronunciation: 208:$ 189.7 billion (2016) 87:State-owned enterprise 18:Petroleos de Venezuela 4395:Cameron International 3837:Petrodollar recycling 3820:fossil fuel phase-out 3383:Differential sticking 3336:Reflection seismology 3309:Petroleum engineering 3151:OPEC Reference Basket 2686:10.4324/9780429495045 2653:May 11, 2008, at the 1291:PDVSA has offices in 1246: 1197:Petroleum Engineering 1189:Petroleum Engineering 942:Southland Corporation 855:US Justice Department 624:due to a shortage of 583: 358: 351:Reserves and capacity 337:Bolivarian Revolution 5088:Agreement for Change 5027:For Social Democracy 5003:Great Patriotic Pole 4868:Torture in Venezuela 4837:World Heritage Sites 4812:Environmental issues 4292:Occidental Petroleum 3606:1990 oil price shock 3432:Shale oil extraction 3405:Drilling engineering 3388:Directional drilling 3314:Reservoir simulation 3033:at Wikimedia Commons 2740:The Washington Post, 2276:on January 19, 2013. 1333:Hovensa LLC refinery 1146:Gastón Parra Luzardo 1136:Alí Rodríguez Araque 191:$ 828 million (2016) 5274:List of Venezuelans 5097:Progressive Advance 4885:Crisis in Venezuela 4639:War of Independence 4440:Naftiran Intertrade 4385:Amec Foster Wheeler 4312:Reliance Industries 4201:Naftiran Intertrade 4013:Hindustan Petroleum 3611:2000s energy crisis 2552:. August 25, 2017. 2415:Parraga, Marianna. 2296:, February 24, 2014 2250:on January 19, 2013 2091:. November 23, 2005 1896:Wall Street Journal 1054:Presidents of PDVSA 812:crisis in Venezuela 778:Crisis in Venezuela 705:2007 expropriations 686:and waste removal. 546:Bolivarian Missions 484:Carlos Andrés Pérez 413:the organization's 300:[peðeˈβesa] 224:Number of employees 174:48.0 billion (2016) 70: 5264:Indigenous peoples 5198:Telecommunications 4795:metropolitan areas 4287:Marathon Petroleum 3709:List of oil fields 3319:Reservoir modeling 3077:Petroleum industry 2775:. October 29, 2019 2574:. January 22, 2019 2179:The New York Times 2154:The New York Times 2019:. March 29, 2004. 1726:The New York Times 1696:"Hell of a Fiesta" 1579:on August 22, 2018 1573:"CITGO - About us" 1249: 1010:Board of directors 928:Ownership of Citgo 898:economic sanctions 586: 376:Western Hemisphere 364: 5450:Venezuelan brands 5417: 5416: 5377: 5376: 5216: 5215: 5128: 5127: 5124: 5123: 5120: 5119: 5072:Democratic Action 4937:National Assembly 4917:Foreign relations 4845: 4844: 4767: 4766: 4634:Captaincy General 4571: 4570: 4549: 4548: 4435:Nabors Industries 4365: 4364: 3563:Well intervention 3538:Petroleum product 3437:Ljungström method 3341:Seismic inversion 3326:Petroleum geology 3280: 3279: 3029:Media related to 2908:. August 28, 2023 2362:Business Insider, 2292:, International: 1612:. August 27, 2012 1553:on April 18, 2009 1496:. August 12, 2017 1437:Nervis Villalobos 1176:economic planning 1164:Brigadier General 973:In October 2019, 922:Tareck El Aissami 755:Williams Cos Inc. 498:), and Llavonen ( 361:Isla de Margarita 285: 284: 106:January 1976 64: 63: 16:(Redirected from 5487: 5397: 5390: 5227: 5139: 5090: 5050: 5005: 4998: 4989: 4856: 4778: 4694:1958 coup d'état 4689:El Trienio Adeco 4622: 4598: 4591: 4584: 4575: 4561: 4560: 4262:Hess Corporation 3983:Bharat Petroleum 3914: 3899: 3586:1967 Oil Embargo 3422:Lost circulation 3260:Posted oil price 3184: 3141:Isthmus-34 Light 3070: 3063: 3056: 3047: 3042: 3041: 3039:Official website 3028: 3012: 3011: 3004: 2998: 2997: 2986: 2980: 2972: 2963: 2962: 2960: 2958: 2941: 2935: 2934: 2924: 2918: 2917: 2915: 2913: 2898: 2892: 2891: 2889: 2887: 2872: 2866: 2865: 2863: 2861: 2847: 2841: 2840: 2838: 2836: 2831:on March 5, 2016 2817: 2811: 2810: 2808: 2806: 2801:. April 19, 2023 2791: 2785: 2784: 2782: 2780: 2765: 2759: 2752: 2743: 2736: 2727: 2724: 2713: 2706: 2700: 2699: 2671: 2662: 2645: 2639: 2638: 2636: 2634: 2619: 2613: 2612: 2610: 2608: 2593: 2584: 2583: 2581: 2579: 2564: 2558: 2557: 2542: 2536: 2535: 2533: 2531: 2516: 2510: 2509: 2507: 2505: 2494: 2488: 2487: 2485: 2483: 2468: 2462: 2461: 2459: 2457: 2442: 2433: 2432: 2430: 2428: 2412: 2406: 2399: 2393: 2392: 2390: 2388: 2371: 2365: 2358: 2347: 2346: 2344: 2342: 2326: 2320: 2319: 2317: 2315: 2304: 2298: 2297: 2284: 2278: 2277: 2266: 2260: 2259: 2257: 2255: 2246:. Archived from 2240: 2234: 2233: 2226: 2217: 2216: 2214: 2212: 2207:. March 26, 2012 2197: 2191: 2190: 2188: 2186: 2171: 2165: 2164: 2162: 2160: 2145: 2139: 2138: 2127: 2121: 2120: 2107: 2101: 2100: 2098: 2096: 2085: 2079: 2078: 2076: 2074: 2060: 2054: 2053: 2039: 2033: 2032: 2030: 2028: 2009: 2003: 1992: 1986: 1985: 1965: 1959: 1948: 1933: 1922: 1916: 1915: 1913: 1911: 1886: 1880: 1879: 1877: 1875: 1860: 1854: 1848: 1842: 1831: 1816: 1815: 1779: 1766: 1765: 1763: 1761: 1744: 1738: 1737: 1735: 1733: 1722: 1714: 1708: 1707: 1691: 1678: 1677: 1675: 1673: 1658: 1652: 1651: 1633: 1622: 1621: 1619: 1617: 1600: 1589: 1588: 1586: 1584: 1575:. Archived from 1569: 1563: 1562: 1560: 1558: 1549:. Archived from 1543: 1534: 1533: 1531: 1529: 1520: 1512: 1506: 1505: 1503: 1501: 1484: 1475: 1474: 1472: 1470: 1465:. April 27, 2020 1453: 1416: 1414:Companies portal 1411: 1410: 1409: 1402: 1397: 1396: 1388: 1386:Venezuela portal 1383: 1382: 1381: 1367:in October 2010. 1347:Buckeye Partners 1142:Economics – UCV. 1099: 1091:Eulogio Del Pino 1000: 868:money laundering 531:election in 1998 393: 381: 369: 302: 297: 281: 276: 273: 271: 207: 206: 200: 190: 189: 170: 169: 116: 114: 109: 78: 71: 59: 56: 50: 38: 37: 30: 21: 5495: 5494: 5490: 5489: 5488: 5486: 5485: 5484: 5420: 5419: 5418: 5413: 5400: 5393: 5386: 5373: 5298: 5279:Public holidays 5212: 5116: 5086: 5081: 5046: 5041: 5022:Communist Party 5001: 4987: 4922:Law enforcement 4841: 4832:Natural Regions 4763: 4611: 4602: 4572: 4567: 4545: 4499: 4495:John Wood Group 4485:Valaris Limited 4378: 4375: 4372: 4361: 4227:APA Corporation 4215: 4167: 3966: 3963: 3955: 3910: 3907: 3904: 3894: 3888: 3789:Classification 3773: 3696: 3690: 3626:Nationalization 3596:1979 oil crisis 3591:1973 oil crisis 3572: 3558:Water injection 3526:Steam injection 3521:Gas reinjection 3489:Artificial lift 3458: 3400:Drill stem test 3352: 3276: 3223: 3175: 3097: 3079: 3074: 3037: 3036: 3021: 3016: 3015: 3006: 3005: 3001: 2988: 2987: 2983: 2976:Washington Post 2973: 2966: 2956: 2954: 2943: 2942: 2938: 2926: 2925: 2921: 2911: 2909: 2900: 2899: 2895: 2885: 2883: 2874: 2873: 2869: 2859: 2857: 2855:Petroleum World 2849: 2848: 2844: 2834: 2832: 2819: 2818: 2814: 2804: 2802: 2793: 2792: 2788: 2778: 2776: 2767: 2766: 2762: 2753: 2746: 2737: 2730: 2725: 2716: 2707: 2703: 2696: 2673: 2672: 2665: 2655:Wayback Machine 2648:Company History 2646: 2642: 2632: 2630: 2621: 2620: 2616: 2606: 2604: 2595: 2594: 2587: 2577: 2575: 2566: 2565: 2561: 2544: 2543: 2539: 2529: 2527: 2518: 2517: 2513: 2503: 2501: 2496: 2495: 2491: 2481: 2479: 2470: 2469: 2465: 2455: 2453: 2452:. July 16, 2018 2444: 2443: 2436: 2426: 2424: 2414: 2413: 2409: 2400: 2396: 2386: 2384: 2373: 2372: 2368: 2359: 2350: 2340: 2338: 2328: 2327: 2323: 2313: 2311: 2306: 2305: 2301: 2286: 2285: 2281: 2268: 2267: 2263: 2253: 2251: 2242: 2241: 2237: 2228: 2227: 2220: 2210: 2208: 2199: 2198: 2194: 2184: 2182: 2173: 2172: 2168: 2158: 2156: 2147: 2146: 2142: 2129: 2128: 2124: 2109: 2108: 2104: 2094: 2092: 2087: 2086: 2082: 2072: 2070: 2062: 2061: 2057: 2042: 2040: 2036: 2026: 2024: 2011: 2010: 2006: 1993: 1989: 1967: 1966: 1962: 1956:General OneFile 1954:, 3 Feb. 2017. 1949: 1936: 1923: 1919: 1909: 1907: 1888: 1887: 1883: 1873: 1871: 1868:El Confidencial 1862: 1861: 1857: 1849: 1845: 1832: 1819: 1781: 1780: 1769: 1759: 1757: 1746: 1745: 1741: 1731: 1729: 1716: 1715: 1711: 1693: 1692: 1681: 1671: 1669: 1660: 1659: 1655: 1648: 1635: 1634: 1625: 1615: 1613: 1602: 1601: 1592: 1582: 1580: 1571: 1570: 1566: 1556: 1554: 1545: 1544: 1537: 1527: 1525: 1518: 1514: 1513: 1509: 1499: 1497: 1486: 1485: 1478: 1468: 1466: 1455: 1454: 1450: 1445: 1412: 1407: 1405: 1398: 1391: 1384: 1379: 1377: 1374: 1359:'s German unit 1329: 1263:Nynäs Petroleum 1241: 1239:Overseas assets 1093: 1085:Nelson Martínez 1066:Asdrúbal Chávez 1056: 1012: 1007: 994: 984: 968:nationalization 964:nationalization 930: 917: 788:Bruce Rappaport 780: 774: 715:AES Corporation 707: 578: 572: 515: 480: 474: 469: 433: 427: 417:tripled, while 391: 379: 367: 353: 323:nationalization 295: 268: 256: 251: 249: 247: 245: 243: 241: 239: 225: 196: 183: 134: 112: 110: 107: 60: 54: 51: 48: 39: 35: 28: 23: 22: 15: 12: 11: 5: 5493: 5491: 5483: 5482: 5477: 5472: 5467: 5462: 5457: 5452: 5447: 5442: 5437: 5432: 5422: 5421: 5415: 5414: 5412: 5411: 5406: 5399: 5398: 5391: 5383: 5382: 5379: 5378: 5375: 5374: 5372: 5371: 5370: 5369: 5364: 5359: 5349: 5344: 5339: 5334: 5332:Miss Venezuela 5329: 5324: 5319: 5314: 5308: 5306: 5300: 5299: 5297: 5296: 5291: 5286: 5281: 5276: 5271: 5266: 5261: 5256: 5251: 5246: 5241: 5236: 5230: 5224: 5218: 5217: 5214: 5213: 5211: 5210: 5205: 5200: 5195: 5193:Stock Exchange 5190: 5185: 5180: 5175: 5170: 5169: 5168: 5163: 5153: 5148: 5142: 5136: 5130: 5129: 5126: 5125: 5122: 5121: 5118: 5117: 5115: 5114: 5109: 5104: 5099: 5093: 5091: 5083: 5082: 5080: 5079: 5077:Come Venezuela 5074: 5069: 5064: 5059: 5053: 5051: 5043: 5042: 5040: 5039: 5034: 5029: 5024: 5019: 5014: 5008: 5006: 4995: 4986: 4985: 4980: 4979: 4978: 4968: 4967: 4966: 4961: 4959:Vice President 4956: 4946: 4945: 4944: 4934: 4929: 4924: 4919: 4914: 4909: 4904: 4903: 4902: 4897: 4887: 4882: 4881: 4880: 4870: 4865: 4859: 4853: 4847: 4846: 4843: 4842: 4840: 4839: 4834: 4829: 4827:National parks 4824: 4819: 4814: 4809: 4804: 4799: 4798: 4797: 4787: 4781: 4775: 4769: 4768: 4765: 4764: 4762: 4761: 4756: 4751: 4746: 4741: 4736: 4731: 4726: 4724:Vargas tragedy 4721: 4716: 4711: 4706: 4701: 4699:Puntofijo Pact 4696: 4691: 4686: 4681: 4679:1902–03 crisis 4676: 4671: 4666: 4661: 4656: 4651: 4641: 4636: 4631: 4625: 4619: 4613: 4612: 4603: 4601: 4600: 4593: 4586: 4578: 4569: 4568: 4566: 4565: 4554: 4551: 4550: 4547: 4546: 4544: 4543: 4538: 4533: 4528: 4523: 4518: 4513: 4507: 4505: 4501: 4500: 4498: 4497: 4492: 4487: 4482: 4477: 4472: 4467: 4462: 4457: 4452: 4447: 4442: 4437: 4432: 4427: 4422: 4417: 4412: 4407: 4402: 4397: 4392: 4387: 4381: 4379: 4370: 4367: 4366: 4363: 4362: 4360: 4359: 4354: 4349: 4344: 4339: 4334: 4332:Surgutneftegas 4329: 4324: 4319: 4314: 4309: 4304: 4299: 4294: 4289: 4284: 4279: 4274: 4269: 4264: 4259: 4254: 4252:Eneos Holdings 4249: 4244: 4242:ConocoPhillips 4239: 4234: 4232:Cenovus Energy 4229: 4223: 4221: 4217: 4216: 4214: 4213: 4208: 4203: 4198: 4193: 4188: 4183: 4177: 4175: 4173:Energy trading 4169: 4168: 4166: 4165: 4160: 4155: 4150: 4145: 4140: 4135: 4130: 4125: 4120: 4115: 4110: 4105: 4100: 4095: 4090: 4085: 4080: 4075: 4070: 4065: 4060: 4055: 4050: 4045: 4040: 4035: 4030: 4025: 4020: 4015: 4010: 4005: 4000: 3995: 3990: 3985: 3980: 3975: 3969: 3967: 3960: 3957: 3956: 3954: 3953: 3948: 3943: 3938: 3933: 3928: 3922: 3920: 3911: 3902: 3896: 3890: 3889: 3887: 3886: 3885: 3884: 3879: 3874: 3869: 3859: 3857:Swing producer 3854: 3849: 3844: 3839: 3834: 3829: 3828: 3827: 3822: 3812: 3807: 3802: 3801: 3800: 3795: 3787: 3781: 3779: 3775: 3774: 3772: 3771: 3766: 3761: 3756: 3751: 3746: 3741: 3736: 3731: 3729:Gulf of Mexico 3726: 3721: 3716: 3711: 3706: 3700: 3698: 3692: 3691: 3689: 3688: 3683: 3678: 3673: 3668: 3663: 3658: 3653: 3648: 3643: 3638: 3633: 3628: 3623: 3618: 3616:2010s oil glut 3613: 3608: 3603: 3601:1980s oil glut 3598: 3593: 3588: 3582: 3580: 3574: 3573: 3571: 3570: 3565: 3560: 3555: 3550: 3545: 3540: 3535: 3530: 3529: 3528: 3523: 3513: 3508: 3507: 3506: 3501: 3496: 3486: 3485: 3484: 3479: 3468: 3466: 3460: 3459: 3457: 3456: 3451: 3446: 3441: 3440: 3439: 3429: 3424: 3419: 3418: 3417: 3410:Drilling fluid 3407: 3402: 3397: 3396: 3395: 3385: 3380: 3379: 3378: 3368: 3362: 3360: 3354: 3353: 3351: 3350: 3348:Seismic source 3345: 3344: 3343: 3333: 3328: 3323: 3322: 3321: 3316: 3306: 3301: 3296: 3290: 3288: 3282: 3281: 3278: 3277: 3275: 3274: 3273: 3272: 3262: 3257: 3252: 3247: 3242: 3237: 3231: 3229: 3225: 3224: 3222: 3221: 3216: 3211: 3206: 3201: 3196: 3190: 3188: 3181: 3177: 3176: 3174: 3173: 3168: 3163: 3158: 3153: 3148: 3146:Japan Cocktail 3143: 3138: 3133: 3128: 3123: 3118: 3113: 3107: 3105: 3099: 3098: 3096: 3095: 3093:Primary energy 3090: 3084: 3081: 3080: 3075: 3073: 3072: 3065: 3058: 3050: 3044: 3043: 3034: 3020: 3019:External links 3017: 3014: 3013: 2999: 2981: 2964: 2936: 2919: 2893: 2867: 2842: 2812: 2786: 2760: 2744: 2728: 2714: 2701: 2694: 2663: 2640: 2614: 2585: 2559: 2537: 2511: 2489: 2463: 2434: 2407: 2394: 2381:Foreign Policy 2366: 2348: 2321: 2299: 2279: 2261: 2235: 2218: 2192: 2166: 2140: 2122: 2102: 2080: 2055: 2034: 2004: 1987: 1976:(1): 117–128. 1960: 1934: 1917: 1899:(in Spanish). 1881: 1855: 1843: 1835:The Economist, 1817: 1767: 1739: 1709: 1679: 1666:Globe and Mail 1653: 1646: 1623: 1590: 1564: 1535: 1507: 1476: 1447: 1446: 1444: 1441: 1440: 1439: 1434: 1429: 1424: 1418: 1417: 1403: 1389: 1373: 1370: 1369: 1368: 1350: 1340: 1328: 1325: 1289: 1288: 1285: 1277: 1274: 1260: 1240: 1237: 1236: 1235: 1225: 1219: 1216: 1213: 1210: 1203: 1185: 1182: 1179: 1157: 1143: 1133: 1108:Rafael Ramírez 1105: 1088: 1082: 1072:Manuel Quevedo 1069: 1063: 1055: 1052: 1051: 1050: 1047: 1044: 1041: 1038: 1035: 1032: 1029: 1026: 1023: 1011: 1008: 1006: 1003: 983: 980: 929: 926: 916: 913: 872:Suisse secrets 853:Since 2015, a 848:Jorge Giordani 832:Manuel Quevedo 828:Nicolás Maduro 816:hyperinflation 776:Main article: 773: 770: 723:ConocoPhillips 706: 703: 571: 568: 514: 508: 473: 470: 468: 465: 457:Rafael Ramírez 426: 425:Politicization 423: 419:oil production 352: 349: 345:Jorge Giordani 283: 282: 266: 262: 261: 236: 230: 229: 226: 223: 220: 219: 214: 210: 209: 201: 193: 192: 184: 179: 176: 175: 164: 160: 159: 157:petrochemicals 146: 142: 141: 138:Héctor Obregón 135: 132: 129: 128: 122: 118: 117: 104: 100: 99: 94: 90: 89: 84: 80: 79: 62: 61: 42: 40: 33: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 5492: 5481: 5478: 5476: 5473: 5471: 5468: 5466: 5463: 5461: 5458: 5456: 5453: 5451: 5448: 5446: 5443: 5441: 5438: 5436: 5433: 5431: 5428: 5427: 5425: 5410: 5407: 5405: 5402: 5401: 5396: 5392: 5389: 5385: 5384: 5380: 5368: 5365: 5363: 5360: 5358: 5355: 5354: 5353: 5350: 5348: 5345: 5343: 5340: 5338: 5335: 5333: 5330: 5328: 5325: 5323: 5320: 5318: 5315: 5313: 5310: 5309: 5307: 5305: 5301: 5295: 5292: 5290: 5287: 5285: 5282: 5280: 5277: 5275: 5272: 5270: 5267: 5265: 5262: 5260: 5257: 5255: 5252: 5250: 5247: 5245: 5242: 5240: 5237: 5235: 5232: 5231: 5228: 5225: 5223: 5219: 5209: 5206: 5204: 5201: 5199: 5196: 5194: 5191: 5189: 5186: 5184: 5181: 5179: 5176: 5174: 5171: 5167: 5164: 5162: 5159: 5158: 5157: 5154: 5152: 5149: 5147: 5144: 5143: 5140: 5137: 5135: 5131: 5113: 5110: 5108: 5105: 5103: 5100: 5098: 5095: 5094: 5092: 5089: 5084: 5078: 5075: 5073: 5070: 5068: 5065: 5063: 5060: 5058: 5057:Justice First 5055: 5054: 5052: 5049: 5044: 5038: 5035: 5033: 5030: 5028: 5025: 5023: 5020: 5018: 5015: 5013: 5010: 5009: 5007: 5004: 4999: 4996: 4994: 4990: 4984: 4981: 4977: 4974: 4973: 4972: 4969: 4965: 4962: 4960: 4957: 4955: 4952: 4951: 4950: 4947: 4943: 4940: 4939: 4938: 4935: 4933: 4930: 4928: 4925: 4923: 4920: 4918: 4915: 4913: 4910: 4908: 4905: 4901: 4898: 4896: 4893: 4892: 4891: 4888: 4886: 4883: 4879: 4876: 4875: 4874: 4871: 4869: 4866: 4864: 4861: 4860: 4857: 4854: 4852: 4848: 4838: 4835: 4833: 4830: 4828: 4825: 4823: 4820: 4818: 4815: 4813: 4810: 4808: 4805: 4803: 4800: 4796: 4793: 4792: 4791: 4788: 4786: 4783: 4782: 4779: 4776: 4774: 4770: 4760: 4757: 4755: 4752: 4750: 4747: 4745: 4742: 4740: 4737: 4735: 4732: 4730: 4727: 4725: 4722: 4720: 4717: 4715: 4712: 4710: 4707: 4705: 4704:El Carupanazo 4702: 4700: 4697: 4695: 4692: 4690: 4687: 4685: 4682: 4680: 4677: 4675: 4672: 4670: 4667: 4665: 4662: 4660: 4657: 4655: 4652: 4649: 4648:reunification 4645: 4644:Gran Colombia 4642: 4640: 4637: 4635: 4632: 4630: 4627: 4626: 4623: 4620: 4618: 4614: 4610: 4606: 4599: 4594: 4592: 4587: 4585: 4580: 4579: 4576: 4564: 4556: 4555: 4552: 4542: 4539: 4537: 4534: 4532: 4529: 4527: 4524: 4522: 4519: 4517: 4514: 4512: 4509: 4508: 4506: 4502: 4496: 4493: 4491: 4488: 4486: 4483: 4481: 4478: 4476: 4473: 4471: 4468: 4466: 4463: 4461: 4458: 4456: 4453: 4451: 4448: 4446: 4443: 4441: 4438: 4436: 4433: 4431: 4428: 4426: 4423: 4421: 4418: 4416: 4413: 4411: 4408: 4406: 4403: 4401: 4398: 4396: 4393: 4391: 4388: 4386: 4383: 4382: 4380: 4377: 4368: 4358: 4357:Valero Energy 4355: 4353: 4350: 4348: 4345: 4343: 4340: 4338: 4335: 4333: 4330: 4328: 4325: 4323: 4322:Suncor Energy 4320: 4318: 4315: 4313: 4310: 4308: 4305: 4303: 4300: 4298: 4295: 4293: 4290: 4288: 4285: 4283: 4280: 4278: 4275: 4273: 4270: 4268: 4265: 4263: 4260: 4258: 4255: 4253: 4250: 4248: 4245: 4243: 4240: 4238: 4235: 4233: 4230: 4228: 4225: 4224: 4222: 4218: 4212: 4209: 4207: 4204: 4202: 4199: 4197: 4194: 4192: 4189: 4187: 4184: 4182: 4179: 4178: 4176: 4174: 4170: 4164: 4161: 4159: 4156: 4154: 4151: 4149: 4146: 4144: 4141: 4139: 4136: 4134: 4131: 4129: 4126: 4124: 4121: 4119: 4116: 4114: 4111: 4109: 4106: 4104: 4101: 4099: 4096: 4094: 4091: 4089: 4086: 4084: 4081: 4079: 4076: 4074: 4071: 4069: 4066: 4064: 4061: 4059: 4056: 4054: 4051: 4049: 4046: 4044: 4041: 4039: 4036: 4034: 4031: 4029: 4026: 4024: 4021: 4019: 4016: 4014: 4011: 4009: 4006: 4004: 4001: 3999: 3996: 3994: 3991: 3989: 3986: 3984: 3981: 3979: 3976: 3974: 3971: 3970: 3968: 3965: 3958: 3952: 3951:TotalEnergies 3949: 3947: 3944: 3942: 3939: 3937: 3934: 3932: 3929: 3927: 3924: 3923: 3921: 3919: 3915: 3912: 3909: 3900: 3897: 3895:organisations 3893:Companies and 3891: 3883: 3880: 3878: 3875: 3873: 3870: 3868: 3865: 3864: 3863: 3860: 3858: 3855: 3853: 3850: 3848: 3845: 3843: 3840: 3838: 3835: 3833: 3832:Petrocurrency 3830: 3826: 3823: 3821: 3818: 3817: 3816: 3813: 3811: 3808: 3806: 3805:Oil shale gas 3803: 3799: 3796: 3794: 3791: 3790: 3788: 3786: 3785:Abbreviations 3783: 3782: 3780: 3776: 3770: 3767: 3765: 3762: 3760: 3757: 3755: 3752: 3750: 3747: 3745: 3744:Permian Basin 3742: 3740: 3737: 3735: 3732: 3730: 3727: 3725: 3722: 3720: 3717: 3715: 3712: 3710: 3707: 3705: 3702: 3701: 3699: 3693: 3687: 3684: 3682: 3681:United States 3679: 3677: 3674: 3672: 3669: 3667: 3664: 3662: 3659: 3657: 3654: 3652: 3649: 3647: 3644: 3642: 3641:Seven Sisters 3639: 3637: 3634: 3632: 3629: 3627: 3624: 3622: 3619: 3617: 3614: 3612: 3609: 3607: 3604: 3602: 3599: 3597: 3594: 3592: 3589: 3587: 3584: 3583: 3581: 3579: 3575: 3569: 3566: 3564: 3561: 3559: 3556: 3554: 3551: 3549: 3546: 3544: 3541: 3539: 3536: 3534: 3531: 3527: 3524: 3522: 3519: 3518: 3517: 3514: 3512: 3509: 3505: 3502: 3500: 3497: 3495: 3492: 3491: 3490: 3487: 3483: 3480: 3478: 3475: 3474: 3473: 3470: 3469: 3467: 3465: 3461: 3455: 3452: 3450: 3447: 3445: 3442: 3438: 3435: 3434: 3433: 3430: 3428: 3425: 3423: 3420: 3416: 3413: 3412: 3411: 3408: 3406: 3403: 3401: 3398: 3394: 3391: 3390: 3389: 3386: 3384: 3381: 3377: 3374: 3373: 3372: 3369: 3367: 3364: 3363: 3361: 3359: 3355: 3349: 3346: 3342: 3339: 3338: 3337: 3334: 3332: 3329: 3327: 3324: 3320: 3317: 3315: 3312: 3311: 3310: 3307: 3305: 3302: 3300: 3297: 3295: 3294:Core sampling 3292: 3291: 3289: 3287: 3283: 3271: 3268: 3267: 3266: 3263: 3261: 3258: 3256: 3253: 3251: 3248: 3246: 3243: 3241: 3238: 3236: 3233: 3232: 3230: 3226: 3220: 3217: 3215: 3212: 3210: 3207: 3205: 3202: 3200: 3197: 3195: 3192: 3191: 3189: 3185: 3182: 3178: 3172: 3169: 3167: 3164: 3162: 3159: 3157: 3154: 3152: 3149: 3147: 3144: 3142: 3139: 3137: 3134: 3132: 3131:Indian Basket 3129: 3127: 3124: 3122: 3119: 3117: 3114: 3112: 3109: 3108: 3106: 3104: 3100: 3094: 3091: 3089: 3086: 3085: 3082: 3078: 3071: 3066: 3064: 3059: 3057: 3052: 3051: 3048: 3040: 3035: 3032: 3027: 3023: 3022: 3018: 3009: 3003: 3000: 2995: 2991: 2985: 2982: 2978: 2977: 2971: 2969: 2965: 2952: 2951: 2946: 2940: 2937: 2933: 2929: 2923: 2920: 2912:September 23, 2907: 2903: 2897: 2894: 2886:September 23, 2881: 2877: 2871: 2868: 2860:September 24, 2856: 2852: 2846: 2843: 2835:September 24, 2830: 2826: 2822: 2816: 2813: 2800: 2796: 2790: 2787: 2774: 2770: 2764: 2761: 2757: 2751: 2749: 2745: 2741: 2735: 2733: 2729: 2723: 2721: 2719: 2715: 2711: 2705: 2702: 2697: 2695:9780429495045 2691: 2687: 2683: 2679: 2678: 2670: 2668: 2664: 2660: 2656: 2652: 2649: 2644: 2641: 2629: 2625: 2618: 2615: 2603: 2599: 2592: 2590: 2586: 2573: 2572:Bloomberg.com 2569: 2563: 2560: 2556: 2551: 2547: 2541: 2538: 2526: 2522: 2515: 2512: 2500: 2493: 2490: 2478: 2474: 2467: 2464: 2451: 2447: 2441: 2439: 2435: 2423: 2422: 2418: 2411: 2408: 2404: 2398: 2395: 2383: 2382: 2377: 2370: 2367: 2363: 2357: 2355: 2353: 2349: 2337: 2336: 2331: 2325: 2322: 2309: 2303: 2300: 2295: 2291: 2290: 2283: 2280: 2275: 2271: 2265: 2262: 2249: 2245: 2239: 2236: 2231: 2225: 2223: 2219: 2206: 2202: 2196: 2193: 2180: 2176: 2170: 2167: 2155: 2151: 2144: 2141: 2136: 2132: 2126: 2123: 2118: 2117: 2112: 2106: 2103: 2090: 2084: 2081: 2069: 2065: 2059: 2056: 2051: 2050: 2045: 2038: 2035: 2022: 2018: 2014: 2008: 2005: 2001: 1997: 1991: 1988: 1983: 1979: 1975: 1971: 1964: 1961: 1957: 1953: 1947: 1945: 1943: 1941: 1939: 1935: 1931: 1927: 1921: 1918: 1906: 1902: 1898: 1897: 1892: 1885: 1882: 1869: 1865: 1859: 1856: 1852: 1847: 1844: 1840: 1836: 1830: 1828: 1826: 1824: 1822: 1818: 1813: 1809: 1805: 1801: 1797: 1793: 1789: 1785: 1778: 1776: 1774: 1772: 1768: 1756: 1755: 1750: 1743: 1740: 1728: 1727: 1721: 1713: 1710: 1705: 1701: 1697: 1690: 1688: 1686: 1684: 1680: 1672:September 24, 1667: 1663: 1657: 1654: 1649: 1647:9788417014254 1643: 1639: 1632: 1630: 1628: 1624: 1616:September 24, 1611: 1610: 1609:The Economist 1605: 1599: 1597: 1595: 1591: 1578: 1574: 1568: 1565: 1552: 1548: 1542: 1540: 1536: 1524: 1517: 1511: 1508: 1495: 1494: 1489: 1483: 1481: 1477: 1464: 1463: 1458: 1452: 1449: 1442: 1438: 1435: 1433: 1430: 1428: 1425: 1423: 1420: 1419: 1415: 1404: 1401: 1400:Energy portal 1395: 1390: 1387: 1376: 1371: 1366: 1362: 1358: 1354: 1351: 1348: 1344: 1341: 1338: 1334: 1331: 1330: 1326: 1324: 1322: 1318: 1314: 1310: 1306: 1302: 1298: 1294: 1286: 1282: 1281:Isla Refinery 1278: 1275: 1272: 1271:Neste Oil Oyj 1268: 1264: 1261: 1258: 1257:United States 1254: 1251: 1250: 1245: 1238: 1234: 1230: 1226: 1223: 1220: 1217: 1214: 1211: 1208: 1204: 1202: 1198: 1194: 1190: 1186: 1183: 1180: 1177: 1173: 1169: 1165: 1161: 1158: 1155: 1151: 1147: 1144: 1141: 1137: 1134: 1131: 1127: 1124: 1120: 1116: 1115:Energy policy 1113: 1109: 1106: 1103: 1097: 1092: 1089: 1086: 1083: 1081: 1077: 1076:Major general 1073: 1070: 1067: 1064: 1061: 1058: 1057: 1053: 1048: 1045: 1042: 1039: 1036: 1033: 1030: 1027: 1024: 1021: 1020: 1019: 1016: 1009: 1004: 1002: 998: 993: 989: 981: 979: 976: 971: 969: 965: 960: 954: 951: 946: 943: 939: 935: 927: 925: 923: 914: 912: 910: 906: 901: 899: 895: 890: 888: 884: 883:Goldman Sachs 881:In May 2017, 879: 877: 876:Credit Suisse 873: 869: 865: 860: 856: 851: 849: 845: 840: 837: 833: 829: 825: 824:Caribbean Sea 821: 820:food shortage 817: 813: 808: 805: 800: 796: 791: 789: 785: 779: 771: 769: 767: 766:Credit Suisse 762: 760: 756: 751: 749: 745: 740: 736: 732: 728: 724: 720: 716: 713:company from 712: 704: 702: 700: 696: 692: 687: 685: 680: 678: 673: 668: 666: 662: 658: 654: 650: 646: 642: 638: 637:Massachusetts 634: 629: 627: 623: 622:energy crisis 619: 615: 611: 607: 602: 600: 595: 591: 582: 577: 569: 567: 565: 560: 556: 551: 547: 543: 538: 536: 532: 529: 524: 520: 513: 510:1980s–1990s: 509: 507: 505: 501: 497: 493: 489: 485: 479: 471: 466: 464: 462: 458: 453: 451: 447: 443: 439: 432: 424: 422: 420: 416: 412: 407: 405: 401: 395: 389: 385: 377: 373: 362: 357: 350: 348: 346: 342: 338: 334: 330: 328: 324: 320: 316: 313: 310: 306: 301: 293: 289: 280: 275: 267: 263: 259: 254: 237: 235: 231: 227: 221: 218: 215: 211: 202: 199: 194: 185: 182: 177: 173: 165: 161: 158: 154: 150: 147: 143: 139: 136: 130: 126: 123: 119: 105: 101: 98: 95: 91: 88: 85: 81: 77: 72: 66: 58: 46: 41: 32: 31: 19: 5362:coat of arms 5239:Demographics 5183:Oil industry 5173:Cooperatives 5160: 5062:Popular Will 4907:Constitution 4759:Coups d'état 4709:El Porteñazo 4684:World War II 4460:Schlumberger 4390:Baker Hughes 4282:Marathon Oil 4272:Imperial Oil 4267:Husky Energy 4257:Galp Energia 4247:Devon Energy 4133:Saudi Aramco 4113:Petrovietnam 4077: 4058:NNPC Limited 3962:National oil 3842:Petrofiction 3810:Orphan wells 3778:Other topics 3749:Persian Gulf 3676:Saudi Arabia 3646:Standard Oil 3454:Well logging 3331:Petrophysics 3002: 2993: 2984: 2974: 2957:September 8, 2955:. 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Retrieved 2016: 2007: 1999: 1995: 1990: 1973: 1969: 1963: 1955: 1951: 1929: 1924:Vegard Bye, 1920: 1908:. Retrieved 1894: 1884: 1872:. Retrieved 1867: 1858: 1846: 1838: 1834: 1790:(1): 21–23. 1787: 1783: 1758:. Retrieved 1752: 1742: 1730:. Retrieved 1724: 1712: 1699: 1670:. Retrieved 1665: 1656: 1637: 1614:. Retrieved 1607: 1581:. Retrieved 1577:the original 1567: 1555:. Retrieved 1551:the original 1526:. Retrieved 1522: 1510: 1498:. Retrieved 1491: 1467:. Retrieved 1460: 1451: 1290: 1017: 1013: 1005:Organization 985: 972: 955: 947: 931: 918: 902: 894:Donald Trump 891: 880: 852: 841: 809: 792: 781: 763: 752: 708: 688: 684:shanty towns 681: 669: 657:Pennsylvania 653:Rhode Island 630: 603: 587: 558: 554: 549: 539: 534: 518: 516: 511: 504:oil reserves 494:), Maraven ( 492:Standard Oil 481: 454: 434: 408: 396: 384:Orinoco Belt 372:oil reserves 365: 331: 291: 287: 286: 248:PDV Deltaven 234:Subsidiaries 198:Total assets 121:Headquarters 83:Company type 65: 52: 44: 5259:Immigration 5146:Agriculture 4807:Earthquakes 4669:1895 crisis 4659:Federal War 4629:New Granada 4430:Halliburton 4302:Phillips 66 4123:QatarEnergy 4093:Petrobangla 4028:KazMunayGas 3918:Supermajors 3867:heavy crude 3754:Prudhoe Bay 3734:Niger Delta 3714:Caspian Sea 3477:Concessions 3427:Measurement 3393:Geosteering 3376:Squeeze job 3286:Exploration 3235:Consumption 3194:Consumption 3187:Natural gas 3116:Bonny Light 2710:Yahoo! News 2578:January 23, 2387:January 31, 2314:October 22, 1583:January 31, 1557:February 1, 1432:Petrocaribe 1321:Netherlands 1094: [ 995: [ 975:Juan Guaidó 870:. The 2022 641:heating oil 639:to provide 626:natural gas 610:oil tankers 542:Hugo Chávez 411:Hugo Chávez 388:hydrocarbon 359:PDVSA Gas, 319:natural gas 312:state-owned 153:natural gas 140:, President 127:, Venezuela 97:Oil and gas 5424:Categories 5322:Literature 5254:Healthcare 4754:Civil wars 4480:Transocean 4347:Tullow Oil 4337:TechnipFMC 4103:PetroChina 3941:ExxonMobil 3847:Shale band 3724:East Texas 3697:and fields 3511:Downstream 3464:Production 3371:Completion 3299:Geophysics 3240:Production 3199:Production 3136:Indonesian 3111:Argus Sour 3103:Benchmarks 2950:La Patilla 1284:Venezuela. 959:Crystallex 905:confidence 744:World Bank 719:ExxonMobil 574:See also: 476:See also: 429:See also: 309:Venezuelan 238:PDV Marina 181:Net income 155:and other 133:Key people 55:April 2024 5289:Squatting 5269:Languages 5249:Education 5208:Transport 5156:Companies 5067:A New Era 4949:President 4942:President 4912:Elections 4773:Geography 4605:Venezuela 4475:TC Energy 4376:companies 4206:Trafigura 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Index

Petroleos de Venezuela

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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