Energy Policy Of Venezuela
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Energy Policy Of Venezuela
Venezuela has the largest conventional oil reserves and the second-largest natural gas reserves in the Western Hemisphere. In addition Venezuela has non-conventional oil deposits ( extra-heavy crude oil, bitumen and tar sands) approximately equal to the world's reserves of conventional oil. Venezuela is also amongst world leaders in hydroelectric production, supplying a majority of the nation's electrical power through the process. Development of energy policies On 29 August 1975, during the tenure of President Carlos Andrés Pérez, "Law that Reserves the Hydrocarbon Industry to the State" was enacted and the state-owned company Petróleos de Venezuela (PDVSA) was created to control all oil businesses in the Venezuelan territory. The law came into effect on 1 January 1976, as well as the nationalization of the oil industry with it, after which PDVSA began commercial operations. Primary energy sources Oil Venezuela has been producing oil for nearly a century and was an OPE ...
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Venezuela
Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in the Caribbean Sea. It has a territorial extension of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. The Venezuelan government maintains a claim against Guyana to Guayana Esequiba. Venezuela is a federal presidential republic consisting of 23 states, the Capital District and federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the n ...
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Apure
Apure State ( es, Estado Apure, ) is one of the 23 states of Venezuela. Its territory formed part of the provinces of Mérida, Maracaibo, and Barinas, in accordance with successive territorial ordinations pronounced by the colonial authorities. In 1824 the Department of Apure was created, under jurisdiction of Barinas, which laid the foundations for the current entity. In 1856 it separated from Barinas and for the first time Apure appeared as an independent province, which in 1864 acquired the status of state. In 1881, however, a new territorial division combined Apure and Guayana to form a single state named ''Bolívar.'' In 1899 it reestablished its autonomy and finally, by means of the Constitution of 1909, gained its current borders. The territory was famous for heron plumes, which adorned European courts. At the same time, it was the scene of armed encounters that marked the evolution of the War for Independence, as well as numerous battles during the civil war ...
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Guayana Region
The Guayana Region is an administrative region of eastern Venezuela. History In the 1970s, after the process of forming the Political-Administrative Regions through CORDIPLAN in the government of Rafael Caldera, the Region of Guyana was formed. It was originally composed of Bolívar State and Delta Amacuro State (at that time it had the status of a Federal Territory). The Amazon state (called ''Territorio Federal Amazonas'') was the only one that made up the so-called ''Southern Region''. The following decade, after a legal reform, the latter state was integrated into this region. Geography The region has a population of 1,383,297 inhabitants and a territory of , slightly over half the area of the whole country. During the colonial period until the early 18th century, it was known as Spanish Guiana. It borders the independent nations of Guyana (formerly British Guiana) and Brazil. Geologically it is part of the Guiana Shield, and is also known as the Venezuelan Gua ...
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Caroní River
The Caroní River is the second most important river of Venezuela, the second in flow, and one of the longest, from the Kukenan tepui through to its confluence with the Orinoco River. The name "Caroní" is applied starting from the confluence of the Kukenan with the Yuruaní River at from the source of the Kukenan and from its discharge in the Orinoco. The confluence takes place in Bolivar State. Hydraulic regime The Caroní is one of the rivers with the highest discharge rates in the world, with respect to the area of its basin. The average discharge is , with variations caused by the wet/dry seasons. The average maximum discharge is , and the average minimum is . Among the historic extremes are . The Caroní supplies 15.5 percent of the discharge of the Orinoco river. One of the characteristics of the Caroní's water is the dark color, caused by the high amount of humic acids due to the incomplete decomposition of the phenol content of the vegetation. The Caroní t ...
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Corpozulia
Corpozulia is a Venezuelan government organization that works in the area of economic development in Zulia State. Its mission is make Zulia one of the economically strongest states of Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th .... It also contributes to cultural development. External linksCorpozulia Website€” Zulia Government-owned companies of Venezuela Organizations established in 1969 1969 establishments in Venezuela {{venezuela-org-stub ...
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Lake Guanoco
Lake Guanoco ( Spanish: ''Lago Guanoco'' or ''Lago de Asfalto de Guanoco'', also Lake Bermudez) is the world's second largest natural tar pit and lies in Venezuela in northern South America. Lake Guanoco is one of the five natural asphalt lake areas in the world, the others being Pitch Lake in Trinidad and Tobago and La Brea Tar Pits (Los Angeles), McKittrick Tar Pits ( McKittrick) and Carpinteria Tar Pits ( Carpinteria) all located in the US state of California., National Library and Information System Authority, National Library of Trinidad and Tobago, accessdate=2010-08-28
Electric Universe Geology.com, accessdate=2010-08-28

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Orinoco Tar Sands
The Orinoco Belt is a territory in the southern strip of the eastern Orinoco River Basin in Venezuela which overlies the world's largest deposits of petroleum. Its local Spanish language, Spanish name is ''Faja Petrolífera del Orinoco'' (Orinoco Petroleum Belt). The Orinoco Belt is located in Guárico and south of the Anzoátegui, Monagas, and Delta Amacuro states, and it follows the line of the river. It is approximately from east to west, and from north to south, with an area about . Oil reserves The Orinoco Belt consists of large deposits of extra heavy crude. Venezuela's heavy oil deposits of about , found primarily in the Orinoco Petroleum Belt, are estimated to approximately equal the world's reserves of lighter oil. Petróleos de Venezuela S.A. has estimated that the producible reserves of the Orinoco Belt are up to which would make it the largest petroleum Oil reserves, reserve in the world, slightly ahead of the similar unconventional oil source in the Athabasca ...
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Tar Sands
Oil sands, tar sands, crude bitumen, or bituminous sands, are a type of unconventional petroleum deposit. Oil sands are either loose sands or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, soaked with bitumen, a dense and extremely viscous form of petroleum. Significant bitumen deposits are reported in Canada, Kazakhstan, Russia, and Venezuela. The estimated worldwide deposits of oil are more than ; the estimates include deposits that have not been discovered. Proven reserves of bitumen contain approximately 100 billion barrels, and total natural bitumen reserves are estimated at worldwide, of which , or 70.8%, are in Alberta, Canada. Crude bitumen is a thick, sticky form of crude oil, so viscous that it will not flow unless heated or diluted with lighter hydrocarbons such as light crude oil or natural-gas condensate. At room temperature, it is much like cold molasses. The Orinoco Belt in Venezuela is sometimes descr ...
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Portuguesa (state)
) , anthem = '' Himno del Estado Portuguesa'' , image_map = Portuguesa in Venezuela.svg , map_alt = , map_caption = Location within Venezuela , pushpin_map = , pushpin_map_alt = , pushpin_mapsize = , pushpin_map_caption = , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = Venezuela , subdivision_type1 = , subdivision_name1 = , subdivision_type2 = , subdivision_name2 = , established_title = Created , established_date = 1909 , founder = , named_for = , seat_type = Capital , seat = Guanare , government_footnotes = , government_type = , leader_party = , governing_body= Legislative Council , leader_title = Governor , leader_name = Rafael Calles (2017) , ar ...
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Repsol-YPF
Repsol S.A.
El Nuevo Herald, 2012-05-31
Originally an initialism for ''Refinería de Petróleos de '' adding the word ''Sol'' (Sun) () is a Spanish multinational energy and petrochemical company based in . It is engaged in worldwide and

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Countries By Natural Gas Proven Reserves (2014)
A country is a distinct part of the world, such as a state, nation, or other political entity. It may be a sovereign state or make up one part of a larger state. For example, the country of Japan is an independent, sovereign state, while the country of Wales is a component of a multi-part sovereign state, the United Kingdom. A country may be a historically sovereign area (such as Korea), a currently sovereign territory with a unified government (such as Senegal), or a non-sovereign geographic region associated with certain distinct political, ethnic, or cultural characteristics (such as the Basque Country). The definition and usage of the word "country" is flexible and has changed over time. ''The Economist'' wrote in 2010 that "any attempt to find a clear definition of a country soon runs into a thicket of exceptions and anomalies." Most sovereign states, but not all countries, are members of the United Nations. The largest country by area is Russia, while the smallest is ...
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