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Retrieved 22 October Retrieved March 26, Production dropped further, to half of its benchmark. The Opening of Venezuela’s Oil Industry”.
Oil production fell steeply, a drop ofbarrels per day.
CaracasVenezuela MaracaiboVenezuela. ByPDVSA 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 Caribbean Sea due to the issue.
El ocaso del chavismo: Fuelnatural gas and other petrochemicals. By also including an estimated billion barrels 3. Oil reserves in Venezuela are the largest in the world, and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. He added that ” PDVSA’s workers are with this revolution, and those who aren’t should go somewhere else.
File:PDVSA-CIED (area metropolitana de Caracas) jpg – Wikimedia Commons
Accessed online 7 November Acronyms Oil shale gas Peak oil mitigation timing People Petrocurrency Petrodollar recycling Shale band Shale gas Swing producer Unconventional oil heavy crude oil sands oil shale tight oil. Sincea US Justice Department investigation into PDVSA corruption has resulted in 12 guilty pleas pertaining to a bribery scheme between PDVSA and its contractors; This scheme involved members within the company would insure favorable treatment of vendors in exchange for kickbacks.
It considers itself virtually indistinguishable from the state, its social programs more or less running the country’s “socialist revolution”. Retrieved 13 March Within 25 years of nationalization, PDVSA would become the largest company in Latin America and the tenth most profitable in the world. Retrieved 31 January The minister also said: Archived from the original on On 28 Julycredit ratings agency Moody’s Investor Service said it was removing its standalone ratings on PDVSA because the oil company does not provide adequate operational and financial information.
News14 October By law it deposited its revenues in the sovereign fund accounts in Venezuela’s Central Bank. Venezuela eyes first-ever refining of foreign oil Retrieved from ” https: December Learn how and when to remove this template message.
World History in Context. The Wall Street Journal. Archived copy as title CS1 Spanish-language sources es Wikipedia articles in need of updating from March All Wikipedia articles in need of updating Wikipedia external links cleanup from December Wikipedia spam cleanup from December Interlanguage link template link number Commons category link is on Wikidata. Since its founding on 1 January with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world’s fifth largest oil exporter.
Retrieved May 31, Please improve this article by removing excessive or inappropriate external links, and converting useful links where appropriate into footnote references. Retrieved pdvwa September Retrieved 21 February Oil production had also slowed to levels not seen since the s due to economic and management difficulties. It has activities in exploration, production, refining and exporting oil, as well as exploration and production of natural gas.
The International Labour Organization ILO called on the Venezuelan government to launch “an independent investigation into allegations of detention and torture”, surrounding this strike. Wharton School of the University of Pennsylvania.
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. Accessed Oct 25, Venezuela portal Energy portal Companies portal.
Latin American Herald Tribune. This article needs to be updated.
PDVSA – Wikipedia
In PDVSA opened its first office in Chinaand announced plans to nearly triple its pdvza of oil tankersto Energy companies established in Oil and gas companies of Venezuela Government-owned companies of Venezuela Venezuelan brands National oil and gas companies establishments in Venezuela Non-renewable resource companies established in From Wikipedia, the free encyclopedia. This section’s use of external links may not follow Wikipedia’s policies or guidelines.
The organization’s payroll tripled during the presidency of Hugo Chavez. Between andincapacitating injuries to employees rose from 1. This puts Venezuela as fifth in the world in proven reserves of conventional oil.
File:PDVSA-CIED (area metropolitana de Caracas) 02.jpg
Subsequently, the ownership share rose to In order to correct for these shortcomings, Maduro has installed more Venezuelan military members in several key PDVSA positions, in an effort to reduce the corruption and inefficiency. Please update this article to reflect recent events or newly available information. The Died York Times.