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

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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. Deepwater Angola. This discovery confirms Angola as one of the core countries in Eni’s organic growth strategy. Source: Eni.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

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Although Nigeria has reduced flare gas emissions by 28% from 2000 levels, the country’s oil industry still wastes 15bcm of natural gas every year. Elsewhere in West Africa, Angola, Equatorial Guinea, Gabon, Congo and Cameroon collectively waste about 10 billion cubic meters of natural gas every year.

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