Venezuela’s proven oil reserves are among the top ten in the world. Oil generates about 80 percent of the country’s total export revenue, contributes about half of the central government’s income, and is responsible for about one-third of the country’s gross domestic product (GDP). Increases in world oil prices in recent years have allowed Venezuelan [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
Venezuela’s Oil-Based Economy
Posted by Matt in July 1st, 2008 | no comment
Published in Oil, Venezuela, Central Government, Commercial Ties, Export Revenue, Gross Domestic Product, Hugo Chavez, International Profile, Medium Term Outlook, Oil Trading, Pdvsa, Political Stability, President Hugo Chavez, Proven Oil Reserves, Refined Petroleum Products, S Gross, State Oil Company, Term Shift, Venezuelan Oil, Venezuelan President Hugo, Venezuelan President Hugo Chavez, World Oil Prices
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