Venezuela
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- Venezuela
summary
The Bolivarian Republic of Venezuela lies along South America’s Caribbean Coast. It is bordered by Brazil (south), Colombia (west) and Guyana (east). The country covers an area of around 916 thousand square kilometers, excluding the Esequibo area, and has a population of around 32 million. Around four million people live in the Capital, Caracas, and Spanish is the country’s official language.
Venezuela’s oil revenues account for about 99 per cent of export earnings. Apart from petroleum, the country’s natural resources include gas, iron ore, gold, bauxite, diamonds and other minerals. The national currency is the bolivar.
There are 43 national parks in Venezuela, making up 15 per cent of the country’s land mass.
Venezuela has been an oil producer since 1914 when the first commercial oil well, Zumaque I was drilled in the Mene Grande field on the eastern shores of Lake Maracaibo.
Independence Day
5 July 1811
Official language
Spanish
Capital
Caracas
Main cities
Maracaibo, Valencia, Barquisimeto, Ciudad Guyana, Barcelona, etc.
Population
32,37 millions
Proven reserves of natural gas (billion cu. m.)
5,590
Proven crude oil reserves (millions barrels)
303,561
Value of exports (million $)
8,236
Value of petroleum exports (milllion $)
7,960
Output of petroleum products (1,000 b/d)
338.7
Oil demand (1,000 b/d)
299.7
Crude oil exports (1,000 b/d)
486.8
Crude oil production (1,000 b/d)
568.6
Exports of petroleum products (1,000 b/d)
69.6
Marketed production of natural gas (million cu. m.)
18,026.1
Currency
Venezuelan Bolivar
GDP per capita ($)
1,460
H.E. Nicolás Maduro
Head of State
