The satellite, named Miranda, was launched from and made in China, and cost approximately $140 million, RIA Novosti reported.
Miranda will be used to help authorities track various natural phenomena, and will also be used for agricultural purposes.
Minister of Science, Technology and Innovation Jorge Arreaza said the satellite will transmit about 350 pictures daily -- or nearly 128,000 per year.
Notable deaths of 2014 [PHOTOS]
MAVEN now orbiting Mars