PDVSA and PetroChina move ahead with 400,000 barrel per day oil refinery in China; processing Orinoco heavy and extra-heavy crude
Green Car Congress
AUGUST 24, 2011
According to OPEC figures, then, Venezuela has now surpassed Saudi Arabia in terms of oil reserves (296.5 billion barrel—third globally, behind Venezuela and Saudi Arabia. OPEC’s Annual Statistical Bulletin 2010/2011 puts Venezuela’s 2010 proven oil reserves at 296.5 billion barrels, up 40.4%
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