Gas Reserves

President Chavez recalled that Venezuela has the fifth largest gas proved reserves in the world. Until even a few years ago Venezuelans know it, because the technocracy of the old PDVSA claimed that there was no gas here. It was a secret they had in their hands the multinational empire to carry everything. Now that gas is truly ours. Additional information at read more supports this article. ” Some 59 million barrels of petroleum and Venezuela has distributed through Petrocaribe member countries, who have obtained a “net savings of $ 921 million” since mid-2005 was created the mechanism. The bill of this size placed in the Caribbean in the last three years amounts to “U.S. $ 4.697 million, of which” 2.007 million dollars “are financed President of the Bolivarian Republic of Venezuela, Hugo Chavez, told attendees and the World, that the projection of the cumulative energy bill since the beginning of Petrocaribe to 2017 is 17 billion dollars in a conservative scenario.

“We are considering operating the speculative bubble and that the price of a barrel at $ 70 2017 allows us to obtain a mass of financing of nearly 20 billion dollars. This planning should go financing mechanisms for development projects and fair trade. ” For this, the national president suggested the formation of a group of planners, strategists and economists who bring innovative ideas based on this figure and not lose the opportunity to carry out important projects. At the last summit held in Maracaibo, Venezuela, there is the proposal that President Chavez does to the audience, such as Boyaca exploit Block 3, in particular, a joint venture between state companies to exploit the block Boyaca 3 Oil Belt Orinoco proposed by President of the Bolivarian Republic of Venezuela, Hugo Chavez, at the V Summit of Heads of State or Government of Petrocaribe.

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