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Venezuela was one of the world's largest producers of oil, and the country with the largest proven oil reserves in the world.
Venezuela is a member of
Page: Country specific indicator numbers from page 48
Venezuela was one of the world's largest producers of oil, and the country with the largest proven oil reserves in the world.
Venezuela is a member of OPEC
The Organization of the Petroleum Exporting Countries (OPEC, ) is a cartel of countries. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has, since 1965, been headquart ...
.
Electricity in Venezuela is predominantly produced from hydroelectricity
Hydroelectricity, or hydroelectric power, is Electricity generation, electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other Renewabl ...
.
Overview
Oil
Venezuela ranked 11th in the world for oil production in 2016; production has since fallen steeply. The largest oil company isPetróleos de Venezuela
Petróleos de Venezuela, S.A. (PDVSA, ) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production ...
(PDVSA).
Oil fields in the country include Bolivar Coastal Field
The Bolivar Coastal Fields (BCF), also known as the Bolivar Coastal Complex, is located on the eastern margin of Lake Maracaibo, Venezuela. Bolivar Coastal Field is the largest oil field in South America with its 6,000-7,000 wells and forest of ...
, Boscán Field, Maracaibo Basin
The Maracaibo Basin, also known as Lake Maracaibo natural region, Lake Maracaibo depression or Lake Maracaibo Lowlands, is a foreland basin and one of the eight natural regions of Venezuela, found in the northwestern corner of Venezuela in South A ...
and Orinoco Belt
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 name is ''Faja Petrolífera del Orinoco'' (Orinoco Petroleum Belt).
T ...
.
Electricity
Hydroelectricity
Hydro power
Hydropower (from el, ὕδωρ, "water"), also known as water power, is the use of falling or fast-running water to produce electricity or to power machines. This is achieved by converting the gravitational potential or kinetic energy of a wa ...
provided 74% of domestic electricity in 2008.
Venezuela produced 87 TWh hydro power in 2008, 2.6% of the world total.
Venezuela was top 8th in hydro electricity in 2008.IEA Key energy statistics 2010Page: Country specific indicator numbers from page 48
See also
*List of renewable energy topics by country
This is a list of renewable energy topics by country and territory. These links can be used to compare developments in renewable energy in different countries and territories and to help and encourage new writers to participate in writing about ...
* Nuclear energy in Venezuela
The nuclear energy programs of Venezuela started during the 1950s but currently there are no active nuclear power facilities. Most of Venezuela's nuclear science activities are carried out at Venezuelan Institute for Scientific Research (IVIC).
...
References
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