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CARACAS, Monday March 08, 2010 | Update
 
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Economy
Plans to increase consumption of fuel by 31 percent due to electricity crisis
  EL UNIVERSAL
Monday March 08, 2010  03:06 PM


The Venezuelan government plans to increase its fuel consumption by a third in 2010 to fuel thermoelectric plants with which President Hugo Chávez hopes to overcome energy crisis.

Officials expect a total consumption of 104 million barrels in 2010, about 285,000 barrels of oil equivalent per day (bpd) of fuel oil, diesel and gas, which will be used to increase thermoelectric capacity by 4,000 megawatts (Mw).

The projected figures for the year do not specify which part corresponds to liquid fuels and which part to gas, Reuters reported.

Electricity Minister Alí Rodríguez acknowledged some days ago that the ability to increase domestic supply of gas, which is mostly associated with oil extraction, will remain limited in the future.

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Oil Scenario


Oil exports to China in 2015 are to match current oil shipments to the US
Oil exports to China in 2015 are to match current oil shipments to the US

HYDROCARBONS Rafael Ramírez, Venezuela's Minister of Petroleum and Mining and president of state-run oil company Petróleos de Venezuela (Pdvsa) specified that oil exports to China would be equal to current shipments of Venezuelan oil to the United States.

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