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Venezuela
Country Analysis Briefs
Quick Facts
Energy Overview
Proven Oil Reserves (January 1, 2007E) 80 billion barrels
Oil Production (2006E) 2.8 million barrels per day
Oil Consumption (2006E) 620 thousand barrels per day
Crude Oil Distillation Capacity (2007E) 1,282.1 thousand barrels per day
Proven Natural Gas Reserves (January 1, 2007E) 152 trillion cubic feet
Natural Gas Production (2006E) 1.0 trillion cubic feet
Natural Gas Consumption (2006E) 1.0 trillion cubic feet
Recoverable Coal Reserves (2004E) 528 million short tons
Coal Production (2006E) 8.22 million short tons
Coal Consumption (2006E) 0.08 million short tons
Electricity Installed Capacity (2005E) 22.1 gigawatts
Electricity Production (2005E) 99.2 billion kilowatt hours
Electricity Consumption (2005E) 73.4 billion kilowatt hours
Total Energy Consumption (2005E) 3.1 quadrillion Btus*, of which Natural Gas (38%), Oil (38%), Hydroelectricity (24%), Coal (0%), Nuclear (0%), Other Renewables (0%)
Total Per Capita Energy Consumption (2005E) 124.2 million Btus
Energy Intensity (2005E) 16,493 Btu per $2000-PPP**
Environmental Overview
Energy-Related Carbon Dioxide Emissions (2005E) 151.3 million metric tons
Per-Capita, Energy-Related Carbon Dioxide Emissions (2005E) 6.0 metric tons
Carbon Dioxide Intensity (2005E) 0.8 Metric tons per thousand $2000-PPP**
Oil and Gas Industry
Organization State-owned Petroleos de Venezuela, SA (PdVSA) is most dominant player; foreign participation occurs in partnership with PdVSA.
Major Oil/Gas Ports Amuay , Cardon, Puetro de la Cruz
Foreign Company Involvement BP, Chevron, CNPC, Repsol-YPF, Shell, Statoil, Total
Major Refineries (capacity, bbl/d) Paraguana Refining Center (955,000), Puerto de la Cruz (195,000), El Palito (126,900), San Roque (5,200)
* The total energy consumption statistic includes petroleum, dry natural gas, coal, net hydro, nuclear, geothermal, solar, wind, wood and waste electric power. The renewable energy consumption statistic is based on International Energy Agency (IEA) data and includes hydropower, solar, wind, tide, geothermal, solid biomass and animal products, biomass gas and liquids, industrial and municipal wastes. Sectoral shares of energy consumption and carbon emissions are also based on IEA data.
**GDP figures from OECD estimates based on purchasing power parity (PPP) exchange rates.

Country Analysis Briefs

October 2007
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