-"President" Hugo Chavez of Venezuela, speaking to the United Nations on September 20, 2006.
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Orinoco Belt
The production and upgrading of the huge extra-heavy crude reserves in the Orinoco Belt is being carried out by four strategic associations headed by PDVSA (Ameriven, Cerro Negro, Petrozuata and Sincor). Private-sector participation includes the U.S. companies: ExxonMobil, ConocoPhillips and ChevronTexaco; and the Europeans; Statoil and TotalFinaElf. Total production from these projects is planned to reach 600,000 barrels a day by 2008, following a $13-billion investment.
-From the web site of Citgo, which is owned by Venezuela's government. Italics mine. Venezuela is the Western Hemisphere's biggest producer of petroleum.
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Amount of money ExxonMobil, a major business partner of the Venezuela's government, has given to Republican party candidates since the 2000 election cycle: $3.7 million.
Amount of money ChevronTexaco, a major business partner of the Venezuela's government, has given to Republican party candidates since the 2000 election cycle: $2.8 million.
(All dollar amounts courtesy of opensecrets.org)
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I report. You decide.
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