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    First Oil Platform Built in Venezuela To Produce 70,000 Barrels Per Day

    Published: 02/03/2012

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    On Thursday, the President of the Bolivarian Republic of Venezuela Hugo Chávez said that the first oil platform built in the country, named “February 4” and operated by Venezuelan personnel, is an important advancement for the country of in terms…

     

     

    This Year
    Venezuela’s Electricity Grid Adds 4,000 Megawatts

    Published: 01/30/2012

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    The outgoing Minister of Electricity Alí Rodríguez Araque said that Venezuela’s electricity grid will produce an additional 4,000 megawatts in 2012, and that the extra power will be generated by new and renovated equipment.

     

     


    Venezuela’s PDVSA Boosts Production in Orinoco Oil Belt

    Published: 01/25/2012

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    “Current production in the [Orinoco Oil] Belt is at 1.158 million barrels per day between the areas of Carabobo, Ayacucho, Junín and Bocayá,” Venezuela’s oil and energy minister, Rafael Ramírez, said on Tuesday.

     

     

    New Electricity Minister:
    Venezuela To Continue Improving its National Electric Grid

    Published: 01/20/2012

    Héctor Navarro

    Venezuela’s newly-appointed electricity minister, Hector Navarro, will prioritize investment and the development of alternative energies as well as increased participation by local energy committees.

     

     


    President Chávez: Venezuelan Oil Reserves Assure Budget for 400 Years

    Published: 01/17/2012

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    The President of the Bolivarian Republic of Venezuela, Hugo Chávez, said that the value of the proven oil reserves in the Orinoco Oil Belt is equivalent to the national budget for the coming 400 years.

     

     


    Venezuelan Government to Recognize ICC Determination in Exxon Mobil Case

    Published: 01/09/2012

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    During his weekly show Alo, Presidente, President Hugo Chávez reiterated that the Venezuelan government will only recognize the lawsuit by the Paris-based International Chamber of Commerce (ICC), which ruled that the state-owned company PDVSA shall pay $908 million to Exxon…

     

     


    President Chávez to Exxon Mobil: Venezuela is a Sovereign Country

    Published: 01/05/2012

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    Speaking about the lawsuit by Exxon Mobil in an international court, Venezuela’s President Hugo Chávez said Wednesday that the Venezuelan government makes decisions within the framework of its constitution and laws.

     

     


    State-run Oil Company PDVSA to Pay Just $255 Million to Exxon Mobil

    Published: 01/03/2012

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    After a verdict of the International Chamber of Commerce (ICC), the state-owned oil company Petróleos de Venezuela (PDVSA) said Monday that it shall pay only $255 million over the next 60 days to the transnational company Exxon Mobil in compensation…

     

     

    During the year 2011
    1007 New Megawatts Added to the National Grid

    Published: 12/23/2011

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    During 2011, the power generation capacity of the country was strengthened with the addition of 1,007 new megawatts (MW) to the National Electricity System (SEN), with the rehabilitation of 1,214 MW of different units.

     

     


    OPEC Sets Oil Production at 30 Million Barrels Per Day

    Published: 12/14/2011

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    According to Venezuelan Oil Minister Rafael Ramírez, the Organization of Petroleum Exporting Countries (OPEC) agreed Wednesday at a meeting of its 12 member states in Vienna, Austria, to set oil production at 30 million barrels per day.

     

     

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