Venezuela

Economy

The petroleum sector dominates the economy, accounting for roughly a third of GDP, around 80% of export earnings, and more than half of government operating revenues. The sector operates through the government-owned Petroleos de Venezuela, which among other things owns the US Citgo distributor, which has 14,000 service stations in the US.

Related Topics:
Petroleos de Venezuela - Citgo

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Venezuela also depends highly on the agricultural sector. Venezuela has the potential to export coffee and cocoa on a grand scale.

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See also: List of Venezuelan companies

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