Sunday, March 16, 2008

Petroleos de Venezuela (PDVSA) boosts changes in the national energy project as part of a strategy

Caracas, Mar 16 (Prensa Latina) Venezuela's state-owned oil company, Petroleos de Venezuela S.A. (PDVSA) boosts changes in the national energy project, as part of a strategy where a reduction of gasoline consumption occupies one of the priorities for 2008.

According to estimates of the corporation, the internal fuel requirements are considered for the current exercise in about 245,000 daily barrels.

That figure represents a reduction near to the 10 percent regarding 2007, when 273,000 daily barrels were counted.


Sources of the sector mentioned by PANORAMA daily indicated that for 2009 consumption will decrease by three percent compared to the current year, with a forecast ranging between 235,000 and 240,000 gasoline barrels a day.

For this purpose, the company will lean on the so-called plan of Natural Gas Vehicle (NGV), which establishes the reactivation of 498 service stations all around the country.

In case PDVSA projects for 2008 materialize, the company would be in conditions of placing in international markets a daily quantity of near the 90,000 barrels of gasoline.

1 comment:

  1. Venezuela shouldn't be subsidizing gasoline so much either. It's just ridiculous, how low the price of gasoline is in Venezuela. Who's going to economize, when it's almost free? There isn't so much socialist class-consciousness in Venezuela that people would economize simply out of a deep understanding of the issues involved... That kind of organization of society comes later, as far as most people are concerned. Probably much later, the way things are going now.

    So: jack up the price of gas -- and keep on building that mass transportation infrastructure.

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