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VenezuelaVenezuela Member

The Bolivarian Republic of Venezuela is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south. Its roughly 2,800 kilometers northern coastline includes numerous islands in the Caribbean Sea, and in the north east borders the northern Atlantic Ocean Caribbean islands such as Trinidad and Tobago, Grenada, Curaçao, Aruba and the Leeward Antilles lie near the Venezuelan coast.

Venezuela's territory covers around 916,445 square kilometers with an estimated population of 28,384,000. Spanish is the official language.

President of Venezuela is HE Nicolás Maduro Moros who was elected in 2013; Vice – president is HE Jorge Arreaza and People's Minister for Petroleum and Mines is HE Nelson Martínez.

Venezuela's natural resources make it a country of vast economic potential. The petroleum sector dominates, accounting for 50% of central government revenue and over 90% of exports. It has the world's largest conventional oil reserves outside the Middle East and also one of the largest natural gas reserves.

Major Industries of Venezuela are Oil, Gas, Telecoms, Consumer Goods, Mining, and Agriculture.

Photo: Auyan Tepuy with Angel Falls

Major Indicators

Land (1000 sq. km) 916 (2011)
Head of State HE Nicolás Maduro Moros
Population (million inhabitants) 29.07
Capital Caracas
Language(s) Spanish official, numerous indigenous dialects
National currency Bolivar
Energy sources Petroleum, natural gas, hydropower
GDP per capita (current US$) 10,864 (2011)
GDP (current billion US$) 315.84 (2011)
GDP growth % 4.18% (2011)
Value of exports (billion $) 92.6 (2011)
Value of exports (billion $) 88.13 (2011)
Value of oil exports (billion $) na
Value of gas exports (billion $) 27.21 (2011)
Proven crude oil reserves (billion barrels) 297.57 (2011)
Crude oil production, NGPL and other liquids (1,000 b/d) 2,453 (2011)
Refinery capacity (1,000 b/d) 1,016 (2011)
Production of refined petroleum products (1,000 b/d) 1,109.9 (2010)
Consumption of petroleum products (1,000 b/d) 980 (2011)
Crude oil exports (1,000 b/d) 1,553 (2011)
Exports of refined petroleum products (1,000 b/d) 479 (2010)
Proven natural gas reserves (trillion cu. m.) 5.5 (2012)
Natural gas exports (billion cu. m.) na
Domestic Dry Natural gas consumption (billion cu. m.) 27.2 (2011)
Marketed production of natural gas (billion cu. m.) 35.8 (2011)


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