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CNPC and PDVSA to invest $14B to develop Junin 10 in Orinoco extra-heavy oil belt

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China National Petroleum Corporation (CNPC) and Venezuela’s PDVSA (Petróleos de Venezuela SA) will invest about $14 billion to develop the Junin 10 block in the Orinoco extra heavy oil belt in Venezuela, according to a tweet sent out by Rafael Ramirez, the Venezuelan petroleum minister. degree API crude to upgraded crude of 35.7

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PdVSA doubling capacity and modernizing El Palito Refinery for influx of more Orinoco heavy crudes

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The Venezuelan national petroleum company Petróleos de Venezuela, S.A. According to Oil and Gas Journal (OGJ), Venezuela had 211 billion barrels of proven oil reserves in 2011, the second largest the world. billion barrels in 2010, due to the the inclusion of the massive reserves of extra-heavy oil in Venezuela’s Orinoco belt.

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GM Creates New South America Regional Organization

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GM South America includes GM’s existing sales and manufacturing operations in Brazil, Argentina, Colombia, Ecuador and Venezuela as well as sales activities in those countries and Bolivia, Chile, Paraguay, Peru and Uruguay. GM South America currently has 29,000 employees.

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New catalytic system for conversion of CO2 to methanol shows much higher activity than others now in use

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Scientists at the US Department of Energy’s (DOE) Brookhaven National Laboratory, with colleagues from the University of Seville (Spain) and Universidad Central de Venezuela, have discovered a new, highly active catalytic system for converting carbon dioxide to methanol. Click to enlarge. Baber, Jaime Evans, Sanjaya D. Senanayake, Darío J.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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A former British colony located on the northeast coast of South America, Guyana borders Venezuela, Brazil and Suriname. The development plan includes completion of a floating production, storage and offloading (FPSO) vessel designed to produce up to 120,000 barrels of oil per day. Hess Guyana Exploration Ltd.

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Brookhaven team identifies active sites on catalysts for converting CO2 to methanol

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Optimizing the copper/zinc oxide interface will become the driving principal for designing a new catalyst, the scientists say. An additional co-author, Pedro Ramírez of Universidad Central de Venezuela, made important contributions to this study by helping to test the activity of the copper zinc and copper zinc oxide catalysts.

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