is a tremendously fortunate country with an extraordinary potential for economic
growth. It possesses immensely rich natural resources, has a large,
sparsely populated territorial expansion, and is already one of the wealthiest
countries in Latin America in per capita terms.
factors, combined with Venezuela’s proud democratic system of government and
vigorous, stable economy, constitute the base for what is one of the most
attractive dynamic markets, and potential supplier of industrial goods on this
has been an oil producing and exporting country.
It is traditionally and in all circumstances been one of the principal
suppliers of petroleum to the United States, being at the same time Venezuela’s
best customer. It holds the largest oil reserves in the Western Hemisphere and
is the only producer with long-term export potential outside the Middle East
and the former Soviet Union.
de Venezuela, S.A. (PDVSA)
is the holding company for the Venezuelan oil industry, with over 15 subsidiaries
and over 50,000 employees. PDVSA
coordinates the activities of the nation’s oil, gas, petrochemicals, coal and
also possesses large expanses of yet uncultivated agricultural lands.