Venezuela: the political economy of oil
Published by the Oxford University Press for the Oxford Institute for Energy Studies, 1993 - Business & Economics - 233 pages
The first book in a new series on oil exporting countries, Venezuela: the Political Economy of Oil is indispensable for all observers of the world oil market. As the founding member of OPEC, Venezuela continues to hold a central position in the world petroleum market. Its national oil company, PdVSA, the third largest oil company in the world, is pursuing a revolutionary policy of external acquisitions in developed countries. At the same time, there are early signs of a shift in its attitudes towards allowing foreign investment. This study provides a comprehensive and masterly analysis of the Venezuelan oil industry within the context of the political economy of the country. In particular, Boue considers the potential reserves of the Orinco Oil Basin, the environmental challenges facing Venezuela's oil industry, and the uncertain future of orimulsion, a possibly revolutionary new fuel. In light of two attempted military coups in 1992, this study assesses the prospects for the Venezuelan oil industry in the near and longer-term future.
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THE VENEZUELAN UPSTREAM SECTOR
THE ORINOCO OIL BELT
13 other sections not shown
According Amuay Aniline point API gravity asphalt Bachaquero basin billion barrels Cardon cent share CEPET Cetane Citgo contracts Corpoven costs country's crude oil distillation domestic downstream economic fields foreign oil companies fuel oil Gas oil Range gasoline government's Gravity Gulf Gulf of Venezuela heavy crude heavy oil hydrocarbons important income increases investment joint venture Lagoven Lake Maracaibo light and medium light crude lube Maraven mb/d medium crude ment Naphtha Naphtha Range natural gas Nynas O&GJ oil industry oil market oil prices oil production OPEC operations Orimulsion Orinoco crudes Orinoco Oil Belt output Palito PdVSA Perez petrochemical pipeline plans plant programme Puerto La Cruz refinery Ruhr sector Smoke point Source subsidiaries Sulphur supply Table tankers tion tonnes upgrading Veba Vene Venezuelan Venezuelan crude Venezuelan government Venezuelan oil Venezuelan Refining volume Yield