Argentina and Venezuela to cooperate in $2.2B 100,000 bpd extra-heavy oil joint venture in Orinoco Belt
Green Car Congress
JANUARY 19, 2012
Argentina and Venezuela will form a joint venture targeting production of 100,000 barrels of extra-heavy oil per day in the Junin field area of the Orinoco Oil Belt. The alliance coincided with the release of the Orinoco Belt to participation by foreign companies in 2005. billion project will also include a refinery. billion barrels.
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