Facebook LinkedIn Twitter

IAEE Members and subscribers to The Energy Journal: Please log in to access the full text article or receive discounted pricing for this article.

Excerpts from the Remarks of Celestino Armas

Allow me to briefly review Venezuela's existing energy potential. Our conventional crude oil reserves stand at 59 billion barrels, while our reserves of extra-heavy oil and natural bitumens are in the order of 260 billion barrels. At its present production rate, Venezuela holds conventional oil reserves for 94 years, while the life-span of its non-conventional crude resources is 360 years.

Purchase ( $25 )

DOI: 10.5547/ISSN0195-6574-EJ-Vol11-No1-5

Published in Volume 11, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.