Oil Economy Focus Rapid Review
A couple of decades ago Petróleos de Venezuela, PDVSA, had plans to use part of the crude oil in the Orinoco Oil Belt as a feedstock for electricity generation. Thus “Orimulsion” came into being. Operations, however, were closed down in 2005 but there is little doubt that its use as a boiler fuel was proved internationally in spite of its emissions. Most importantly perhaps, the use of Orimulsion could have contributed to Venezuela’s industrial development, and still could do so if the green light were given.
LINK TO THE SOURCE ARTICLE: The Debt Problem… Again
