2008, Market, Oil and Venezuela

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2008

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Oil

Venezuela

Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

Green Car Congress

JULY 11, 2016

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 Venezuela acted as a check on the overall level though, as the crisis-hit country’s production continues to hit fresh lows. million b/d.

Saudi Arabia

Saudi Arabia 2008 Iran Niger

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.

Venezuela

Venezuela Oil Oil-Sands 2009

EV Driven

Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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

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