República Bolivariana de Venezuela

Ministerio del Poder Popular Para la Educación

U.E. Colegio “Juan Vicente González”
Barcelona – Edo – Anzoátegui

2nd Activity

Teacher: Leobardo Hernández Student: Karla Aparicio

musan.z2020@gmail.com C.I. 33.140.934
2do Año: “A”

Barcelona, February 2022

 Do a research work on the exploitation of oil in Venezuela.

Venezuela is an oil country, the fifth largest in the world, with the largest
reserves of conventional oil in the Western Hemisphere and the largest
reserves of unconventional oil in the world. Our economic, political and
cultural history has always revolved around the valuable resource of oil.

Official oil exploitation began in 1875, with the participation of the Táchira
oil company, La Alquitrana, and the blowout of the “Zumaque. Starting in
1922, large-scale oil exploitation began, coercing a large number of events
that drastically changed the course of the country. Through the initiative
and participation of Venezuela in the world oil market, OPEP is founded.

Venezuela es un país que basa su economía en la explotación petrolera,

industria nacionalizada el 1º de enero de 1976 y gestionada por la
empresa Petróleos de Venezuela S.A. (P.D.V.S.A), quien se encarga de
todas las operaciones petroleras en el país. Esta empresa ha obtenido
óptimos resultados en la movilización de hidrocarburos del país, lo que le
ha permitido abrir nuevos caminos para lograr un oportuno desarrollo de
los recursos.

Venezuela is a country that bases its economy on oil exploitation, an

industry nationalized on January 1, 1976 and managed by the company
Petróleos de Venezuela S.A. (P.D.V.S.A), which is in charge of all oil
operations in the country. This company has obtained excellent results in
the mobilization of hydrocarbons in the country, which has allowed it to
open new paths to achieve timely development of resources.

Within the most outstanding changes as a result of oil exploitation, we can

highlight the immigration that arrived in the country, which generated a
new miscegenation, the overpopulation of cities and marginalization, the
appearance of the working class, the economic changes are associated,
with oil revenue as the main national economic resource, turning the
country from being eminently agricultural to a rentier country and oil mono
producer.
 Created a digitized mental map on the exploitation of oil in the
country

The exploitation of
oil in the country

1904-1940 - The birth of the

Venezuelan oil industry 1940-
1976 - The road to
Nationalization Present and
future

Enactment of the The government of President Hugo

Juan Vicente Gómez continued the
policy of granting concessions. Rafael
Max Valladares who hired Caribbean
Petroleum (subsidiary of Royal Dutch
Shell) to carry out his hydrocarbon
exploration project. On April 15,
1914, the first important Venezuelan
oil field, Mene Grande, was
discovered by the Caribbean after
the completion of the Zumaque I well
(currently called MG-I).
Venezuela (1929) was the
second largest oil
producing country (only
behind the United States)
and the largest oil
exporter in the world
Hydrocarbons Law of
Chávez decreed in 2007 the
1943. This new law was conversion of all the concessions
the first major political in the Strip to a joint venture,
step taken towards gaining where the State, always through
PDVSA, must have a majority
more control over its oil
industry. shareholding. Although Venezuela
has more proven oil reserves than
any other country on the planet,
between January and April 2019, it
has reported a decrease in oil
production, from 1.1 million to
768,000 barrels per day.
Make an informative brochure about some products that are derived from
petroleum and that we use in our daily lives.