Petroleum Sector : The petroleum industry on an international scale has a market competitiveness, which is constantly improving, pressed by opportunities in traditional and new areas, in which technology stimulates development and competitiveness that were previously unavailable to the market because of high costs and difficulty of operation.
In Venezuela sustained petroleum strategies have been carried out in the Petroleum strategies have been defined, based on a policy of production in tune with the petroleum market, with adherence to OPEC agreements.
Gas Sector : The prospects of energy growth on a global scale are increasing by the rate of 2.5% annually, including an increased participation in conventional sources of clean energy gas is awaiting a more pronounced increase in its global demand over the next ten years, to the rate of approximately 2.7%. This was estimated with reference to the sustained growth over the last 10 years. For Venezuela, with reserves of around 146 trillion cubic feet (TCF), the need for the development of infrastructure is great, as a guarantee for opportunities expected to result from demand on a global and domestic sale.
Petrochemical Sector : Petrochemical development in Venezuela has the potential to be much greater that it currently is. Among the competitive advantages that Venezuela has in this area, it is worth mentioning the availability of raw materials, their geographical location and the easy access high growth markets, I.E. Latina America. The advantages can sustain the diversification of our exports and reactivate the national economy in this sector. To obtain benefits from the potential that exist in this area, a plan has been conceived for chemical sector, based on the competitive development of the methane and ethane petrochemical sector, where Pequiven plays a fundamental role, the industrialization of refineries in order to get a greater value added from normally imported specialized products, the manufacture of industrial chemicals and the promotion of the secondary petrochemical industries and the consuming industries.
Mining Sector : Mining is an activity of great economy potential by virtue of the enormous reserves that exist within the country. Stimulated by the exploration, storage, and marketing plan both internally and externally.
Tourism Sector : Venezuela has a variety of climate and scenery, which provide it with a unique potential as a tourism destination. Nevertheless, this sector has not been adequately exploited, so it can definitely be converted into an attractive source of investment. Venezuelan State is aware of this reality, and that is why it has approved a series of laws that aimed at promoting its development. At the present there are several projects for building hotels and tourism complexes in preferential areas to develop adventure, mountain, ecology and beach tourism activities.
Trade Sector : The objective of trade policy in Venezuela is to facilitate and consolidate the change towers competitive commercialisation, in order to satisfy consumption of goods and services through the promotion of competitiveness and exports, with the aim of placing our goods and services on international markets.
Industrial Sector : The main objective of the strategy for industrial development, is founded in the reindustrialisation of the country, in conditions of greater equality and competitiveness, supported by a policy agreed.
Agriculture Sector : Agriculture plays a fundamental role in the new economic model being implemented in the country. It is of pivotal importance than national food system and production of fibbers as an industrial raw material. The important water and biological resources available make possible an agricultural sector on a much larger scale than the current one, and with a competitive potential in tune with the new international realities of new technologies and of the geographic location of the country.
Aluminium Sector : The inclusion of private capital into companies in the aluminium sector. There are reasons for recommending the opening of the sector to private investment, in order to attract new investment.
Technological updating which increases competition.
Maintain industrial activity and the source of employment.
Open opportunities for economic expansion and employment.
Under water development: national transformers.
Telecommunications Sector : One of the non-petroleum sectors that have had the greatest growth on the economy in the last few years has been telecommunications. it has accumulated an investment of over $ 16 billion over the last 5 years, and with the development of new technologies and the granting of new concessions, the telecommunications sector can be expected to receive further investment of $8-10 billion over the next ten years.
The increase in investment is a consequence, among other factors, of the privileged geographical position of Venezuela, which allows the access to new technologies, training programs and technical support. The extent of the technological infrastructure recently installed in the country opens the possibility for Venezuela to become a telecommunications hub for the Caribbean and Latin American regions.