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PDVSA and PetroChina move ahead with 400,000 barrel per day oil refinery in China; processing Orinoco heavy and extra-heavy crude

Green Car Congress

To be sited at Jie Yang City, Guangdong Province, the Nanhai refinery will be operational in early 2015, with a capacity to process 400,000 barrels of heavy and extra heavy crude oil per day (400 kbd) from the Orinoco Oil Belt. Oil and Gas Journal (OGJ) pegged Venezuela’s 2011 reserves at 211 billion barrels, up from 99.4

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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. A total of 21 major oil and gas projects will begin production between 2012 and 2014. billion oil equivalent barrels.

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The right way to get oil-rich West Asia to pressure electrical vehicles? Chinese language EV makers contemplate

Baua Electric

Around the six Gulf states, together with oil majors Saudi Arabia and the United Arab Emirates, electrical vehicles account for simply 0.4% Chinese brands made up 16% of the 616,500 new vehicles sold in Saudi Arabia last year. of the passenger-vehicle marketplace. Chery Car Co. and Zhejiang Geely Keeping Staff Co.’s