Latest Intelligence on Energy and Utilities in Venezuela

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Type Product title / description Pub Price
Expert View
Expert View

EU should act now over 'gasPEC'

The recent announcement by 15 gas-exporting states, including six of the world's top 10, revealing that they are to form a permanent organization intended to stabilize prices and monitor markets does not indicate that an OPEC-style gas cartel is any closer to becoming a reality. Still, Europe cannot afford to sit on its hands forever.

Published By Datamonitor
06 Jan 2009
CommentWire
CommentWire

Oil: world leader or not, Venezuela has a lot of work ahead

In mid-January, Venezuela, Latin America's leading exporter of crude oil, claimed that its proved reserves of crude oil stood at 297 billion barrels. If true, this is higher than the estimated 265 billion barrels found in Saudi Arabia, hitherto the holder of the world's largest reserves. However, having large reserves is one thing; successfully marketing the oil is where the real challenge lies.

Published By Datamonitor
08 Feb 2011
CommentWire
CommentWire

PetroChina-PDVSA: China enhancing its Latin American energy ties with new refinery project

China is making significant efforts to increase its exposure to the Latin American energy market. In recent years Brazil, Venezuela, and Argentina have been the focus of Chinese national oil companies seeking to expand their reach, and the joint venture between PetroChina and PDVSA is the latest example of this trend.

Published By Datamonitor
19 Jan 2011
Expert View
Expert View

Venezuela: international oil companies can rescue industry if Chavez makes terms more favorable

Sweeping nationalization of the Venezuelan oil industry has led to a slump in foreign investment. However, a leaked US diplomatic cable has revealed that President Chavez is now allegedly desperate to attract foreign oil companies back to the country. It seems likely that western companies will lose out to the "loyal" Chinese operators, but even they will demand more favorable conditions.

Published By Datamonitor
21 Dec 2010
CommentWire
CommentWire

Venezuelan oil: China loan demands illustrate weaknesses of resource nationalism

Having all but spent the original agreed-upon $8 billion loan, Venezuelan president Hugo Chavez has asked China to advance a further $12 billion for future oil contracts. While Venezuela is indeed short of cash and struggling to maintain its 'development fund', the move can be interpreted as Mr Chavez's political agenda subverting positive economic development.

Published By Datamonitor
05 Mar 2010

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