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By law it deposited its revenues in the sovereign fund accounts in Venezuela’s Central Bank. New York Review of Books.

Archived from the original on February 21, This section’s use of external links may not follow Wikipedia’s policies or guidelines. Energy companies established in Oil and gas companies pevsa Venezuela Government-owned companies of Venezuela Venezuelan brands National oil and gas companies establishments in Venezuela Non-renewable resource companies established in Retrieved May 31, ByPDVSA could not even ciwd 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.

PDVSA – Wikipedia

Retrieved 24 September As oil prices collapsed in the late s, however, keeping the special arrangements while conforming to OPEC regulations became impossible, leading to an end of the Apertura arrangements for Venezuela.


From Wikipedia, the free encyclopedia. Oil production fell steeply, a drop ofbarrels per day. Accessed Oct 25, News14 October With PDVSA focusing on political projects instead of oil production, mechanical and technical statuses cidd while employee expertise was removed following thousands of politically-motivated firings.

File:PDVSA-CIED (area metropolitana de Caracas) 02.jpg

Officials say production is around 3. Please update this article to reflect recent events or newly available information. Views Read Edit View history. This puts Venezuela as fifth in the world in proven reserves of conventional oil.

Retrieved 21 February It has activities in exploration, production, refining and exporting oil, as well as exploration and production of natural gas. Please improve this article by removing excessive or inappropriate external links, and converting useful links where appropriate into footnote references. Between andincapacitating injuries to employees rose from 1.

Production dropped further, to half of its benchmark.

File:PDVSA-CIED (area metropolitana de Caracas) jpg – Wikimedia Commons

By also including an estimated billion barrels 3. In order to correct for these shortcomings, Maduro has installed more Venezuelan military members in several key PDVSA positions, pdbsa an effort to reduce the corruption and inefficiency. World History in Context. The International Labour Organization ILO called on the Venezuelan government to launch “an independent investigation into allegations of detention and torture”, surrounding this strike.


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.

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Retrieved 13 March The Opening of Venezuela’s Oil Industry”. Retrieved March 26, The organization’s payroll tripled during the presidency of Hugo Chavez. December Learn how and when to remove this template message. In PDVSA opened its first office in Chinaand announced plans to nearly triple its fleet of oil tankersto Venezuela eyes first-ever refining of foreign oil In other projects Wikimedia Commons.

Journal of International Affairs.

He added that ” PDVSA’s workers are with this revolution, and those who aren’t should go somewhere else. Archived from the original on