Oil companies are exploiting Lake Maracaibo for oil extraction in the Zulia state of Venezuela.

The entities involved

• Venezuela →

  Country in Latin America

  • The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.Mon 13:11
  • Fundraising supports aid work in Venezuela.Mon 11:26
• Lake Maracaibo →

  large lake in Venezuela with an outflow to the Caribbean Sea

  Nothing else this week.

• PDVSA →

  Venezuelan government-owned oil company

  • PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.Mon 04:49
  • The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.Sun 00:37

Related events

• A bilateral oil pact has been reached targeting strategic fields and including assets in Lake Maracaibo, Venezuela.Aug 30
• The Trump administration seeks access to Venezuelan crude reserves as part of ongoing discussions regarding oil output and political recovery.Aug 28