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Inversiones law2, C.A


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Customer service is, and always will be, the primary goal of Inversiones Law2,C.A is dedicated to remaining customer focused in the purchasing, refining and marketing of crude, asphalt, diesel and various refined oil products. From the small initial truck fleet that began its operations in Maracaibo, the company has grown substantially with truck units operating in different states making deliveries to our terminals. Inversiones Law2,C.A works closely with major oil refineries and end user to create a seamless service which brings your product to market in the most efficient manner possible.

Our mission
We are committed to innovative growth, through our personal passion, reinforced by a professional mindset, creating value for all those we touch.
To mark the phenomenal growth witnessed over the last eight years, Inversiones Law2,C.A recently unveiled its new brand identity marking a very important milestone in its journey and reflecting a new beginning for the company. A new brand identity reinforces all the positives to fulfill our vision to be a global entrepreneur through the power of positive action.
We aim to have a robust value system comprising positive attitude, positive action and positive achievement.
We endeavor to create enduring value for customers and stakeholders in core manufacturing and service businesses, through world class operating standards. Privately owned and managed, Inversiones Law2,C.A is judiciously invested in oil and gas annuity businesses.
Inversiones Law2 way is all about keeping its entrepreneurial spirit alive, and to keep growing with a passion to progress and the power to succeed with a renewed strength of purpose and commitment.

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  • CARACAS, Venezuela — Stepping up hostilities with the United States, President Nicolás Maduro of Venezuela expelled the top American diplomat and two other embassy officials from the country on Monday, accusing them of supporting plots to sabotage the country’s electrical grid and the economy.

    “Get out of Venezuela! Yankee go home!” Mr. Maduro shouted as he announced the expulsions at a military event to commemorate the bicentennial of a battle in Venezuela’s war of independence.

    “We have detected a group of officials of the United States Embassy in Caracas, in Venezuela, and we have been tracking them for several months,” Mr. Maduro said during a live television broadcast. “These officials spend their time meeting with the Venezuelan extreme right wing, financing them and encouraging them to take actions to sabotage the electrical system, to sabotage the Venezuelan economy.”

    The expulsions were the latest diplomatic swipe at Washington by Mr. Maduro since he took over for the country’s longtime president, Hugo Chávez, who died in March. Late last year, as Mr. Chávez grew increasingly ill, the two nations held informal talks aimed at improving the long-strained relations between them, and there was some optimism on the American side that Mr. Maduro, a former foreign minister sometimes described as pragmatic, would be amenable to a thaw.

    But it quickly became clear that Mr. Maduro intended to stick closely to Mr. Chávez’s example, painting the United States as an imperialist aggressor out to undermine his government. Early on, he accused the Obama administration of plotting against him, and hours before he announced the death of Mr. Chávez on March 5, he kicked out two American military attachés, saying they had tried to recruit Venezuelan military personnel to conspire against the government.

    The diplomats expelled on Monday included Kelly Keiderling, the chargé d’affaires, who runs the embassy in the absence of an ambassador here. The United States has not had an ambassador in Caracas since 2010, when Mr. Chávez refused to accept the new one proposed by Washington because of remarks that Mr. Chávez said were disrespectful.

    Mr. Chávez had already expelled the American ambassador, Patrick Duddy, in 2008, saying that his government had discovered an American-supported plot by military officers to topple him. Mr. Duddy was later allowed to return to Caracas.

    Another one of the diplomats expelled on Monday was Elizabeth Hoffman, an official in the embassy’s political section, whom Mr. Maduro had publicly accused at least as early as April of meeting with opposition figures to plot sabotage of the electrical system. He said at the time that he had proof but took no action until Monday. The third official being expelled is David Moo, the vice consul.

    Foreign Minister Elías Jaua later said on television that the evidence against the American diplomats included meetings held in recent weeks with democracy advocates, union members and elected officials belonging to the political opposition, whom he accused of planning to destabilize the country.

    Mr. Maduro said the officials had 48 hours to leave the country.

    “We completely reject the Venezuelan government’s allegations of U.S. government involvement in any type of conspiracy to destabilize the Venezuelan government,” the American Embassy said in a statement. It called the meetings held by the officials “normal diplomatic engagements,” adding, “We maintain regular contacts across the Venezuelan political spectrum.”

    Ever since he was elected by a narrow margin in April in a special election to replace Mr. Chávez, Mr. Maduro has struggled with intense economic woes and a deeply divided populace. He has often accused plotters and saboteurs of being responsible for a variety of the nation’s ills, including electrical blackouts and the deadly explosion at the national oil company’s enormous Amuay refinery.

    “He needs diversions and distractions,” said Michael Shifter, president of the Inter-American Dialogue, a policy group in Washington. “The situation is so dire in Venezuela that he needs to find a scapegoat, and it’s convenient and politically so tempting to kick out U.S. diplomats.
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  • With the largest oil reserves in the world, Venezuela has long been one of the biggest draws in the oil industry.
    That was especially the case during the apertura petrolera period of the 1990s when it opened its upstream sector to foreign investors.
    But Hugo Chávez’s ascent to the presidency in 1999 changed all that. He nationalised the oil industry, forcing foreign oil companies to cede majority control of their projects to PDVSA, the state-owned oil group. ExxonMobil had its assets expropriated after it refused to play ball.
    Many experienced engineers fled into self-imposed exile after a crippling strike at PDVSA in 2002. PDVSA has been hollowed out. It bankrolls many social programmes, leaving little cash to spare for investment in its core areas of exploration and production.
    It also has to subsidise domestic petrol, which sells for 8 cents a gallon, and to supply oil at knock-down rates to Venezuela’s allies, including Cuba.
    Venezuela’s oil output has stagnated as a result. The country produced 3.5m barrels a day in 1998, but that dropped to about 2.5m b/d last year. Production could rise significantly if the country were able to harness the reserves of “extra heavy” oil that lie just a few hundred metres underground in the Orinoco Belt. The government has a number of projects to develop the resource, with partners such as China’s CNPC and Gazprom of Russia, but these have been slow to get off the ground.
    Few think the situation will change much under Nicolas Maduro, who is expected to win the upcoming election. The cash demands on PDVSA will remain high, and there is little chance of a more investor-friendly approach. But even if the opposition leader Henrique Capriles Radonski wins, “the outlook for the oil sector is unlikely to significantly improve in the near term,” says the Eurasia Group, a political risk consultancy.
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  • The Bolivarian Republic of Venezuela lies along South America’s Caribbean Coast. It is bordered by Brazil, Colombia and Guyana. The country covers an area of around 916 thousand square kilometres, excluding the Esequibo area, and has a population of more than 29 million. Around four million people live in the capital, Caracas, and Spanish is the country’s official language.

    Venezuela’s oil revenues account for about 95 per cent of export earnings. The oil and gas sector is around 25 per cent of gross domestic product. Apart from petroleum, the country’s natural resources include natural gas, iron ore, gold, bauxite, diamonds and other minerals. The national currency is the bolivar.

    Mr. Nicolás Maduro Moros is the President of the Bolivarian Republic of Venezuela and the country is a Founder Member of OPEC.

    Did you know?

    There are 43 national parks in Venezuela, making up 15 per cent of the country’s land mass.
    Venezuela has been an oil producer since 1914 when the first commercial oil well, Zumaque I, was drilled in the Mene Grande field on the eastern shores of Lake Maracaibo.
    Population (million inhabitants) 29.52
    Land area (1,000 sq km) 916
    Population density (inhabitants per sq km) 32
    GDP per capita ($) 12,956
    GDP at market prices (billion $) 382.42
    Value of exports (billion $) 97.34
    Value of petroleum exports (billion $) 93.57
    Current account balance (billion $) 11.02
    Proven crude oil reserves (billion barrels) 297.74
    Proven natural gas reserves (billion cu. m.) 5,563
    Crude oil production (1,000 b/d) 2,804
    Marketed production of natural gas (billion cu. m.) 22.73
    Refinery capacity (1,000 b/d) 1,524
    Output of petroleum products (1,000 b/d) 1,568.7
    Oil demand (1,000 b/d) 786
    Crude oil exports (1,000 b/d) 1,725
    Exports of petroleum products (1,000 b/d) 675.1
    Natural gas exports (billion cu. m.) --
    b/d (barrels per day)
    cu. m. (cubic metres)
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