Jump to content

Energy in Venezuela

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by BaderMS (talk | contribs) at 03:41, 19 June 2024 (→‎Oil: Added a context paragraph with with citation and source-attribution.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Energy consumption by source

Venezuela was one of the world's largest producers of oil, and the country with the largest proven oil reserves in the world. Venezuela is a member of OPEC.

Electricity in Venezuela is predominantly produced from hydroelectricity.

Overview

Energy in Venezuela[1]
Capita Prim. energy Production Export Electricity CO2-emission
Million TWh TWh TWh TWh Mt
2004 26.1 653 2,280 1,623 72.1 128
2007 27.5 741 2,138 1,381 84.6 144
2008 27.9 745 2,102 1,340 85.9 146
2009 28.4 778 2,367 1,503 89.5 155
2010 28.83 895 2,241 1,353 94.77 183.04
2012 29.28 816 2,335 1,506 97.73 159.22
2012R 29.96 888 2,318 1,405 101.88 178.28
2013 30.41 800 2,235 1,405 98.25 155.57
Change 2004-10 10.3% 37.0% -1,7% -16,6% 31.4% 42.6%
Mtoe = 11.63 TWh, Prim. energy includes energy losses

2012R = CO2 calculation criteria changed, numbers updated

Oil

See also: Oil reserves in Venezuela and History of the Venezuelan oil industry

Venezuela ranked 11th in the world for oil production in 2016; production has since fallen steeply.[2] The largest oil company is Petróleos de Venezuela (PDVSA). Oil fields in the country include Bolivar Coastal Field, Boscán Field, Maracaibo Basin and Orinoco Belt.

In 2023, Venezuela held the world's largest proven oil reserves at 303 billion barrels, accounting for 17% of global reserves, mostly extra-heavy crude from the Orinoco Belt. Despite this, production was only 0.8% of the global total, dropping to 742,000 barrels per day, a 70% decline from 2013. Production rose by 13% in 2021 and 18% in 2022 with help from Iran, China, and Chevron after some sanctions were eased. PDVSA, the state oil company, faces issues like heavy government levies, underinvestment, mismanagement, and a lack of skilled personnel, reducing reinvestment and production. Refineries operate below capacity due to maintenance issues and lack of feedstock. Venezuela relies on fuel imports from Iran and China due to domestic shortages. A territorial dispute with Guyana over the Essequibo region heightened tensions, but both countries agreed to seek a diplomatic resolution.[3]

Electricity

Caruachi Dam, Caroní River in Bolivar state, Venezuela (2006) 12 TWh/year
Main article: Electricity sector in Venezuela

Hydroelectricity

Hydro power provided 74% of domestic electricity in 2008. Venezuela produced 87 TWh hydro power in 2008, 2.6% of the world total. Venezuela was top 8th in hydro electricity in 2008.[4]

See also

Wikimedia Commons has media related to Energy in Venezuela.

References

  1. ^ IEA Key World Energy Statistics Statistics 2015 Archived 4 March 2016 at the Wayback Machine, 2014 (2012R as in November 2015 Archived 5 April 2015 at the Wayback Machine + 2012 as in March 2014 is comparable to previous years statistical calculation criteria, 2013 Archived 2 September 2014 at the Wayback Machine, 2012 Archived 9 March 2013 at the Wayback Machine, 2011 Archived 27 October 2011 at the Wayback Machine, 2010 Archived 11 October 2010 at the Wayback Machine, 2009 Archived 7 October 2013 at the Wayback Machine, 2006 Archived 12 October 2009 at the Wayback Machine IEA October, crude oil p. 11, coal p. 13 gas p. 15
  2. ^ "Venezuela's Oil Production Set for Another Drop".
  3. ^ "Petroleum and other liquids". www.eia.gov. 8 February 2024.Public Domain This article incorporates text from this source, which is in the public domain.
  4. ^ IEA Key energy statistics 2010 Archived 11 October 2010 at the Wayback Machine Page: Country specific indicator numbers from page 48
Retrieved from "https://en.wikipedia.org/w/index.php?title=Energy_in_Venezuela&oldid=1229865199"