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  • February 14th, 2017
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Venezuela: An of the reserves more big of oil in Venezuela, the oil, the main source of income, generates around 80% export. The country is a founding member of the Organization of exporting countries of oil and one of the main producing countries on the planet. Deposits of this resource in all its types are abundant in much of the territory, taking the seventh World reserve, something that explains that each day 2.398.000 barrels be removed the greater part being exported to United States, Europe and countries in Latin America. The extraction is done primarily in the basin of Lake Maracaibo, and Barinas-Apure and Eastern basins. The header in the oil processing company is PDVSA, which has subsidiaries that operate in six refineries in the country of diverse magnitude, as well as others in Curacao, United States, Germany, Sweden and Belgium. The country is also one of the world’s main producers of natural gas: in 2005 were calculated 27.53 million m, production, along with liquefied gas, butane and propane.

Venezuela also has the Orinoco Belt, which is considered accumulation largest extraheavy and heavy crude oil that exists in the world. In the siege of the Strip, according to PDVSA, original oil reserves reach up to now at 1.36 billion barrels. In Baghdad, at a conference between 10 and 14 September 1960 with the initiative of the Government of Venezuela and then Minister of energy and mines Venezuelan Juan Pablo Perez Alfonzo and Minister of petroleum and mineral resources of Saudi Arabia, Abdullah al – Tariki. Alfonzo said that an instrument of defence of prices was needed to prevent economic waste of oil that runs without possibility of renewal. Founding OPEC.