Green Car Congress

JULY 30, 2019

In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. 2018 recorded an overall growth in oil production of 2.5 also rose in Brazil and Norway.

Saudi Arabia 170

Saudi Arabia Oil 2018 Global 170

Green Car Congress

NOVEMBER 23, 2010

Italy-based oil and gas major Eni and PDVSA (Petróleos de Venezuela), the state-owned oil and gas corporation of the Bolivarian Republic of Venezuela, signed contracts for the creation of two joint ventures (Empresas Mixtas, Mixed Enterprises). Eni in the Bolivarian Republic of Venezuela. Map of Orinoco’s Faja area. Schenk C.J.,

Venezuela 218

Venezuela Oil 2009 Gas 218

Green Car Congress

MARCH 6, 2018

Over the next three years, gains from the United States alone will cover 80% of the world’s demand growth, with Canada, Brazil and Norway—all IEA members—able to cover the rest, according to Oil 2018 , the IEA’s five-year market analysis and forecast. Virtually all of the OPEC output growth comes from the Middle East.

Brazil 218

Brazil Norway Oil Canada 218

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. PDVSA and Eni plan to increase production to approximately 15,000 barrels a day by the year end and subsequently to 75,000 barrels a day by early 2015, through the drilling of approximately 180 wells.

Angola 218

Angola Venezuela Oil Oil-Sands 218

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Guyana

Green Car Congress

JANUARY 7, 2018

Additional exploration drilling is planned on the Stabroek Block for 2018, including potential appraisal drilling at the Ranger discovery. A former British colony located on the northeast coast of South America, Guyana borders Venezuela, Brazil and Suriname. The Stabroek Block is 6.6 million acres (26,800 square kilometers).

Guyana 150

Guyana Oil South America Suriname 150

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.

Russia 150

Russia Saudi Arabia Oil Market 150