Venezuelan Oil Industry

GPTKB entity

Statements (65)
Predicate Object
gptkbp:instanceOf gptkb:oil
gptkbp:abbreviation gptkb:PDVSA
gptkbp:challenge corruption
political instability
sanctions
infrastructure decay
brain drain
lack of investment
gptkbp:contributedTo Venezuelan economy
gptkbp:country gptkb:Venezuela
gptkbp:discoveredBy 1914
gptkbp:environmentalImpact oil spills
water pollution
deforestation
gptkbp:exporterRank one of the world's largest
gptkbp:field gptkb:Maracaibo_Basin
gptkb:Orinoco_Belt
gptkbp:foreignInvestment joint ventures with foreign companies
gptkbp:foreignPartners gptkb:CNPC
gptkb:TotalEnergies
gptkb:ENI
gptkb:Rosneft
gptkb:Chevron
gptkbp:hasMajorPort gptkb:Cardón
gptkb:Puerto_La_Cruz
Amuay
El Palito
gptkbp:headquarters gptkb:Caracas
gptkbp:historicalEvent nationalization in 1976
Lake Maracaibo oil boom
Orinoco Belt development
entry into OPEC
strike of 2002-2003
https://www.w3.org/2000/01/rdf-schema#label Venezuelan Oil Industry
gptkbp:laborIssues strikes
layoffs
wage disputes
gptkbp:mainExports gptkb:oil
refined petroleum products
gptkbp:mainImports gptkb:China
gptkb:Europe
gptkb:India
gptkb:United_States
gptkbp:majorCrisis 2014 oil price collapse
2019 US sanctions
production decline 2016-2020
gptkbp:nationalized 1976
gptkbp:notableCompany gptkb:Petróleos_de_Venezuela,_S.A.
gptkbp:oilReservesRank largest proven reserves in the world
gptkbp:OPECMemberSince 1960
gptkbp:peakProductionYear late 1990s
gptkbp:percentageOfExports over 90%
gptkbp:percentageOfGovernmentRevenue over 50%
gptkbp:product light crude oil
heavy crude oil
extra-heavy crude oil
gptkbp:productionDecline 2016-2020
gptkbp:refineries gptkb:Puerto_La_Cruz_Refinery
gptkb:Paraguaná_Refinery_Complex
gptkb:Amuay_Refinery
gptkb:Cardón_Refinery
gptkb:El_Palito_Refinery
gptkbp:regulates gptkb:Ministry_of_Petroleum
gptkbp:bfsParent gptkb:AB-412
gptkbp:bfsLayer 6