However, BIS states, some exporters, freight forwarders and foreign parties have interpreted the definition of ârouted export transactionâ in the FTR as requiring the USPPI to allow the FPPI to assume responsibility for determining licensing requirements and obtaining license authority in all routed export transactions.
Baruta (pop. 317,288) is a municipality within the Metropolitan District of Caracas in Venezuela.
Cabimas is a city on the shore of Maracaibo Lake in Zulia State in northwestern Venezuela. Its current population is around 200,859 (2005). Before 1900, Venezuela was known to possess commercial quantities of petroleum. One major find was the 'Zumaque 1' well in 1914, in the area of Mene Grande, about 50 miles (80 km) southeast of Cabimas. It was the blowout of the Barroso No. 2 well in Cabimas in 1922 that marked the beginning of Venezuela's modern history as a major producer.