Sector Methodological Assumptions and Approaches Contribution Considerations Cost Estimation Indicators related to the SDGs Sector Public Policy Action Base Year Timeframes Scope and Coverage Planning Methodological Assumptions and Approaches Energy Axis Mitigation. CND Update Projection 2020-2030. Oil Industry The request for international financial resources is foreseen through a scheme of non-reimbursable expenses for the execution of the project. The estimation project of carbon captured in the biomass of forests is based on the application of the indirect method of estimation of biomass and fixed carbon, making use of allometric equations and expansion factors, according to the procedures approved by the IPCC, RAINFOR and the FAO. Within the framework of the sustainable development goals (SDG), adopt urgent measures to combat climate change and its effects (Obj13). $865,000. Currently, work groups are being held with the Ecosocialism Ministry for international financing. SDG Goal: 13.2: Quantification of carbon captured per unit area evaluated Energy Mitigation Axis. CND Update Projection 2020 - 2030. Oil Industry Third Socialist Plan for Economic and Social Development of the Nation 2019-2025. Objective 5.4.2: Design a mitigation plan that covers the productive sectors that emit greenhouse gases, as a voluntary national contribution to efforts to save the planet. Structuring Program: Plan for the use of natural gas venting in order to increase availability for the domestic market. Natural gas flaring and venting minimization projects. Continue with the execution of projects for the energy use of natural gas generated in hydrocarbon production activities and consequently minimize the flaring and venting of gas resources in the operational areas of the oil and gas industry. 2022 2022 - 2030 For the period 2021-2030, in the Anzotegui and Monagas states, it is planned to continue with the execution of the projects associated with the increase in operational capacities for the use of associated natural gas, estimating a reduction of approximately 75% of Greenhouse Gas (GHG) emissions generated as fugitive emissions in the oil industry. The projects cover the Engineering, Procurement and Construction of the infrastructure and equipment necessary for the compression, treatment and distribution of the associated natural gas, which will require to a great extent the participation of specialized national and international companies for