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nations. This new law was the first major political step taken toward gaining more government control over its oil industry. Parts of this article (those related to 20122016) need to be updated. The strike lasted approximately two and a half months, and the government ended up firing 12,000 forex trading logo pdvsa employees and replacing them with workers loyal to the Chvez government, many of whom came out of retirement to replace the fired. Further, will concerns over emissions and pollution stemming from the oilsands have any effect on production capabilities as time goes on?

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14 15 This sudden increase of attention to oil and neglect of the agrarian sector caused the Venezuelan economy to suffer from a phenomenon which later became known as the Dutch Disease. Oil embargo of 1973 edit Main article: 1973 oil crisis In the early 1970s, oil producing countries of the Persian Gulf began negotiations with oil companies in attempt to increase their ownership participation. On, upon the completion of the Zumaque-I (now called MG-I) oil well, the first Venezuelan oilfield of importance, Mene Grande, was discovered by Caribbean Petroleum in the Maracaibo Basin. As Venezuelan oil minister and opec co-founder Juan Pablo Prez Alfonzo had presciently warned in 1976: "Ten years from now, twenty years from now, you will see, oil will bring us ruin. 38 Chvez began setting goals of reinstating"s, such as ten percent of pdvsas annual investment budget was to be spent on social programs. In- en verkoop van partijen en goederen. Shell produziert außerdem Chemikalien und Petrochemikalien für Industriekunden, welche diese zu Plastik, Oberflächen und Reinigern weiterverarbeiten. Inter Amicos Restpartijen, hoekbeschermers RVS Alu, stuntverkoop Teakmeubelen. If this trend continues, it could have big implications on foreign policy. "Venezuela Is Heading for a Soviet-Style Collapse". He says the increased use of rail will allow prices for Western Canadian Select bitumen-blend crude oil to strengthen as compared with New York benchmark West Texas Intermediate crude.