Venezuela

Country Information

Continent South America
GDP (2012 est.) $397.9 billion (2012 est.)
Currency & Exchange Rate bolivars (VEB) per US dollar 4.29
Dialling Code
+58

Exploration & Production Companies

Petróleos de Venezuela.

Oil fields greater than 1 billion barrels

Bolivar Coastal, Boscán.

International Tax Regime

Residential taxation: foreigners taxed on local income; residents taxed on local and overseas income.

Witholding Tax

Crude oil - production(bbl/day) 2,489,000
Crude oil - exports(bbl/day) 1,645,000
Crude oil - imports(bbl/day) 0
Crude oil - proved reserves(bbl) 297,600,000,000
Refined petroleum products - production(bbl/day) 1,110,000
Refined petroleum products - consumption(bbl/day) 571,000
Natural gas - production(cu m) 25,280,000,000
Natural gas - proved reserves(cu m) 5,524,000,000,000

Climate

Tropical; hot, humid; more moderate in highlands.

Location

 

Northern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana.

CCL Country Manager

Contact Details


 

Name:

Direct:

Email:

LinkedIn:

Greg Clarke

+1 713 425 6360

greg.clarke@cclglobal.com

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