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Eni announces first production from the Junin-5 giant heavy oil field in Venezuela

Green Car Congress

MARCH 17, 2013

The development of Phase 2 (full field) will bring production to a level of 240,000 barrels a day by the end of 2018. The heavy crude oil of Junín-5 will be diluted and transported to PetroBicentenario’s Refinery in Jose where it will be processed and converted into oil products (diesel, naphtha and LPG) to be exported.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

OCTOBER 20, 2015

Venezuela, an OPEC member, has even proposed an emergency summit meeting. trillion through 2018, but pressure from the Economic and Energy Ministries and Russian producers forced the Finance Ministry to consider alternatives with less negative impact on crude production.

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