article thumbnail

EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

Green Car Congress

Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

article thumbnail

EIA: nearly 69% of US crude oil imports in 2011 originated from 5 countries; Canada alone accounted for 25%

Green Car Congress

The amount of crude oil the United States imported from its top five foreign suppliers—Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria—increased slightly during 2011, even though total US crude oil imports fell to their lowest level in 12 years, according to the US Energy Information Administration.

article thumbnail

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

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. In early 2008 the firm Ryder Scott certified about 40 billion barrels of original oil in place on the Junin 5 block.

Venezuela 186
article thumbnail

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Green Car Congress

In October, after ExxonMobil announced its fifth oil discovery after drilling the Turbot well, analysts at energy analytics company Wood Mackenzie observed that Guyana, which is currently a non-oil producing country, might soon become an oil and gas powerhouse in South America. billion recoverable oil-equivalent barrels.

Guyana 150
article thumbnail

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)