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PDVSA and Eni to Form Joint Ventures to Produce and Refine Heavy Crude Oil in Orinoco Region; Targeting 240,000 Barrels per Day

Green Car Congress

JANUARY 1, 2010

Venezuela state-owned PDVSA and Italy-based Eni are finalizing a planned 60:40 joint venture to produce heavy crude oil in Junin Block 5 in the Orinoco Oil Belt in Venezuela in 2014. Junin 5 is located in the Orinoco Oil Belt, specifically between Guarico and Anzoategui states. Click to enlarge.

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Venezuela Oil Oil-Sands 2009 186
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Opinion: The Shale Delusion: Why The Party’s Over For US Tight Oil

Green Car Congress

SEPTEMBER 18, 2015

The party is over for tight oil. Despite brash statements by US producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies. Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues. percent in August 2015.

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Oil Oil-Sands Oil Prices 2015 150
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