Technical FAQs 4

How much natural gas does Venezuela have?

Venezuela has significant natural gas reserves, accounting for 73% of total natural gas reserves in South America and totaling 195 trillion cubic feet (Tcf) as of 2023.23 The majority of the country's natural gas reserves are associated with crude oil; around 80% of produced natural gas is associated gas produced as a by-product of oil production.

Is biomass a source of electricity in Venezuela?

Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Venezuela: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.

How many b/d does Venezuela refine?

According to IPD Latin America estimates, Venezuela's refinery throughput has been less than 300,000 b/d, or roughly one-fifth of its nameplate capacity.17 Venezuela has worked with Iran to supply fuel as well as refining materials, spare parts, and technicians to restart the refineries.

What is the main source of revenue for the Venezuelan government?

PDVSA is the largest source of revenue for the Venezuelan government. When Venezuela nationalized its oil industry in the 1970s, PDVSA was formed. The government gave the company significant autonomy until the 1990s, when it took direct control of PDVSA.

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