Latitude: 8.8327778000 Longitude: -70.5244444000
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Altamira, Venezuela
Some random facts about Venezuela |
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| Natural gas - proved reserves: | 4.276 trillion cu m (1 January 2005 est.) |
| Political pressure groups and leaders: | FEDECAMARAS, a conservative business group; VECINOS groups; Venezuelan Confederation of Workers or CTV (labor organization dominated by the Democratic Action) |
| Petroleum and Other Resources | Economic prospects remain highly dependent on oil prices and the export of petroleum. In 2005, the oil sector accounted for more than 25% of GDP, 90% of export earnings, and more than half of the central government's ordinary revenues. Venezuela remains the fourth-leading supplier of imported crude and refined petroleum products to the United States. The Venezuelan Government has sought more income from the petroleum sector. The first example was a unilateral decision in late 2004 to increase the royalty rate on production from the Orinoco heavy crude "strategic associations" with international oil companies from 1% to 16.67%. In the 1990s, the Government of Venezuela opened up much of the hydrocarbon sector to foreign investment, promoting multi-billion dollar investment in heavy oil production, reactivation of old fields, and investment in several petrochemical joint ventures. By the late 1990s almost 60 foreign companies representing 14 different countries participated in one or more aspects of Venezuela's oil sector. On November 13, 2001, under an enabling law authorized by the National Assembly, President Chavez enacted a new Hydrocarbons Law, which came into effect in January 2002. This law replaced the Hydrocarbons Law of 1943 and the Nationalization Law of 1975. Among other things, the new law provided that all oil production and distribution activities would be the domain of the Venezuelan state, with the exception of the joint ventures targeting extra-heavy crude oil production. Under the new law, private investors cannot own 50% or more of the capital stock in joint ventures involved in upstream activities. The new law also provided that private investors could own up to 100% of the capital stock in downstream ventures. A Gaseous Hydrocarbons law promulgated earlier by the Chávez government also allowed substantial participation by private investors with respect to gas production ventures. During the December 2002-February 2003 general strike, petroleum production and refining by PDVSA, the state-owned oil company, almost ceased. Despite the strike, these activities eventually were substantially restarted. Out of a total workforce of 45,000, over 20,000 PDVSA management and workers were subsequently dismissed because the government asserted they had abandoned their jobs during the strike. Current levels of production remain a subject of debate, with considerable difference between the levels cited by the Venezuelan Government and those cited by private sector and international observers. In early 2005, the government informed companies with operating service contracts for mature fields that they must migrate the contracts to joint ventures that conform to the 2001 Hydrocarbons Law. The government threatened to seize fields operating under the services contracts on December 31, 2005 if oil companies did not sign transition agreements to migrate their contracts. All but three companies ultimately signed joint venture agreements with the government. One company was bought out by its partner while the fields operated by two other companies were ultimately taken over by the government. One of these disputes was handled by negotiation while another company decided to take its case to international arbitration. In early 2007, President Chávez announced that the Venezuelan Government would take a majority government share in the remaining foreign investments in the oil sector, including the four heavy-oil "strategic associations." Several international oil companies agreed to migrate their interests to joint ventures with majority government ownership. Two U.S. companies decided to pull out of Venezuela--one is still in negotiations over compensation while the other has announced that it will seek international arbitration. |
| Radio broadcast stations: | AM 201, FM NA (20 in Caracas), shortwave 11 (1998) |
| Economy | GDP (2007): $227 billion. Annual growth rate (2007): 8.3%. GDP per capita (2007): $8,140. Government expenditures: 32% of GDP. Natural resources: Petroleum, natural gas, coal, iron ore, gold, diamonds, bauxite, other minerals, hydroelectric power. Petroleum industry (28% of GDP): Oil refining, petrochemicals. Manufacturing (17% of GDP): Types--iron and steel products, paper products, aluminum, textiles, transport equipment, consumer products. Agriculture (4% of GDP): Products--corn, sorghum, rice, bananas, vegetables, coffee, beef, pork, milk, eggs, fish. Trade: Exports (2007)--$69.2 billion: petroleum ($62.5 billion), aluminum, steel, chemical products, iron ore, cigarettes, plastics, fish, cement, and paper products. Major markets (2005)--U.S. 57.5%, the Netherlands 5.2%, Mexico, 4.5%, Colombia 4.5%. Imports (2007)--$45.5 billion: consumer goods, machinery and transport equipment, manufactured goods, construction materials. Major suppliers (2006)--U.S. 30.2%, Brazil 10.1%, Colombia 9.9%, Mexico 6.8%, China 6.7%. Exchange rate (May 2008): 2.145 bolivares fuertes=U.S. $1. |
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School information for AltamiraAltamira of Caceres - Estate of Barinas - Venezuela Tuya The town school. Altamira de Caceres is the primordial state of Barinas, it was the first city founded there. It was founded the June 30 of 1577 by Spanish captain Juan Andrés Varela.. RISK FACTORS FOR TRYPANOSOMA CRUZI HUMAN INFECTION IN BARINAS STATE ... ... TRYPANOSOMA CRUZI HUMAN INFECTION IN BARINAS STATE, VENEZUELA ... Most villages have a primary school, but the residents ... II; 27 = Guachiquin; 28 = Carvajal; 29 = Altamira; 30 ... Caracas - Wikipedia, the free encyclopedia ... some of the most exclusive stores of the city. [edit] Altamira ... Universidad Central de Venezuela in Spanish) is a premier ... Simón Bolívar University is a well-known school with a ... |
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Find Lawyers practicing in Altamira?Chapter V - Annual Report 2004 The challenges facing the Venezuelan Revolution Updates from the MST News and Urgent Actions The challenges facing the Venezuelan Revolution : Indybay | |