Challenge of Venezuela's oil industry: deepening national participation

Journal Article · Fri Aug 20 00:00:00 EDT 1982 · Energy Detente; (United States)

OSTI ID:7098702

As the world's barrel of oil becomes heavier, Venezuela and other heavy-oil producers face the special challenge of a sluggish but growing market for their abundant heavy crudes. Faced with an economy whose projected internal rate of growth is weak, Venezuela in mid-July raised crude production and moved larger volumes of heavier crudes, sold at non-OPEC-indexed prices. For the medium term, Petroleos de Venezuela, S.A. (PDVSA) has an investment program designed to bring onstream greater volumes of heavier crudes. The National Sixth Plan for 1981 to 1985 seeks to achieve this and other goals by increasing the participation of Venezuela-based companies national and foreign. This issue surveys the entire petroleum industry in Venezuela from the standpoints of production and policy and planning. This issue also updates the fuel price/tax series for the Western Hemisphere countries.

• OSTI ID: 7098702
• Journal Information: Energy Detente; (United States), Vol. 3:11
• Country of Publication: United States
• Language: English and Spanish

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
COAL
PRICES
NATURAL GAS
PETROLEUM INDUSTRY
GOVERNMENT POLICIES
PETROLEUM PRODUCTS
VENEZUELA
PETROLEUM
STATISTICAL DATA
TAXES
VISCOSITY
CARBONACEOUS MATERIALS
DATA
DEVELOPING COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
INFORMATION
LATIN AMERICA
MATERIALS
NUMERICAL DATA
SOUTH AMERICA
294002* - Energy Planning & Policy- Petroleum
021000 - Petroleum- Legislation & Regulations
020700 - Petroleum- Economics
Industrial
& Business Aspects