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Encyclopedia > Petroleos de Venezuela

Petróleos de Venezuela, S.A. (PdVSA) is the Venezuelan nationally owned petroleum company. Venezuela is a major petroleum exporter. PdVSA purchased the United States gasoline brand Citgo in the 1990s.


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Maracaibo, de tweede stad van Venezuela aan het gelijknamige meer in het hete noordwesten, is normaal een levendige stad.
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A Petroleos de Venezuela spokesman said the venture would be the first exploration and production project under the country's new hydrocarbons law, which stipulates majority control of such ventures by the Venezuelan company.
Petroleos de Venezuela in January offered CNPC the Zumano fields, which are now producing about 25,000 barrels of oil a day.
Venezuela said Monday that it expects its oil exports to China to soar to 300,000 barrels a day by 2012 from the current level of 68,800 barrels.
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