Engineering Learn More Corporación Venezolana del Petróleo, S.A.
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01
Strategic Partnership Management
CVP serves as the primary liaison for international investors, effectively managing joint ventures to maximize operational synergy and resource development.
02
Hydrocarbon Resource Optimization
The company ensures the rational and efficient extraction of oil and gas, focusing on the vast reserves of the Orinoco Oil Belt to secure national energy goals.
03
Institutional Governance and Oversight
As a subsidiary of PDVSA, CVP provides robust administrative and legal frameworks to monitor and support all mixed-capital energy projects.
04
Economic Development Driver
Through its strategic operations, CVP fosters sustainable economic growth by transforming natural resources into long-term social and industrial investment.

Corporación Venezolana del Petróleo (CVP)

is a strategic subsidiary of the state-owned corporation PDVSA, dedicated to coordinating the development of Venezuela’s oil and gas potential through the effective management of joint ventures. As a vital link between the state and international investors, we ensure the rational development of hydrocarbon resources—including the vast reserves of the Orinoco Belt—to drive sustainable economic growth and national prosperity.

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We Always Strive Forward to New Horizons

We are actively expanding our operational reach and forging strategic global alliances to explore new horizons and integrate into emerging energy markets.

Strategic Reserves
Global Partnerships
Resource Scale
Legal Exclusivity
State Support
Vast Experience
Infrastructure Network
Operational Control
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"Our long-standing partnership with CVP has been a cornerstone of our operations in the region for decades. We remain committed to working together to ensure the safe and reliable development of Venezuela’s energy resources, fostering a collaboration that benefits both our company and the local economy through technical excellence and shared operational goals."
Mike Wirth
/Chairman of the Board and CEO, Chevron
"Working alongside CVP in our joint ventures, such as Petroquiriquire and the Cardón IV project, has allowed us to leverage significant natural gas and oil potential. The synergy between our technical expertise and CVP’s strategic management of the country’s assets is vital for maintaining energy stability and pursuing sustainable production growth in the Orinoco Belt."
Josu Jon Imaz
/CEO, Repsol
"CVP has been a reliable strategic partner in managing some of the world's most significant gas discoveries, including the Perla field. Our joint efforts focused on infrastructure development and resource optimization have consistently demonstrated the value of international cooperation in delivering energy to the Venezuelan domestic market and beyond."
Claudio Descalzi
/CEO, Eni
"Our day-to-day collaboration with CVP at the operational level is essential for navigating the complexities of heavy crude production. By aligning our safety standards and technological capabilities with CVP’s oversight, we continue to demonstrate the resilience and long-term potential of the Venezuelan energy sector."
Javier La Rosa
/President, Chevron Venezuela