According to the report, the
state-owned gas company obtained "total revenues of $22.43 billion
between 1998 and 2008," with net earnings of "6.3 billion." PDVSA Gas
invested some $1.85 billion and paid an accumulated "3.53 billion" into
government coffers during that period.
"That shows that PDVSA's
financial situation, despite the current distortions in the world
hydrocarbons market, remains solid," the official report read.
has the world's eighth-largest natural gas reserves, estimated at 180
trillion cubic feet, and is the world's fifth-leading oil exporter.