Excerpts from the Remarks of Celestino Armas

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The Energy Journal, 1990, vol. Volume 11, issue Number 1, 25-26

Abstract: Allow me to briefly review Venezuela's existing energy potential. Our conventional crude oil reserves stand at 59 billion barrels, while our reserves of extra-heavy oil and natural bitumens are in the order of 260 billion barrels. At its present production rate, Venezuela holds conventional oil reserves for 94 years, while the life-span of its non-conventional crude resources is 360 years.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1990
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