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Venezuela to supply up to 400,000 barrels of heavy crude oil per day to India

Green Car Congress

State-run oil company Petróleos de Venezuela, S.A. PDVSA) and India’s Reliance Industries Limited (RIL), last week signed two agreements to boost extra-heavy crude oil production in Venezuela’s Orinoco Oil Belt (FPO) and sell up to 400,000 barrels per day (bpd) to the country. million barrels of crude oil per day.

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Russia’s Rosneft to invest $16B to develop Carabobo 2 extra-heavy crude in Venezuela; first oil from Junin

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Russian oil and gas major Rosneft, 75% owned by the government, will invest $16 billion in a planned joint venture project with Venezuela’s state oil and gas company PDVSA to develop the Carabobo 2 block in the southern Orinoco extra-heavy crude belt in Venezuela, according to Rosneft CEO Igor Sechin. The Orinoco oil belt in Venezuela.

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Eni and PDVSA launch major heavy-oil projects in Orinoco Belt in Venezuela

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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.,

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IHS Markit: Canadian oil sands production to be ~1M barrels higher by 2030 but with lower annual growth; boosted by deterioration in Venezuela

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The key to unlocking further upside growth potential in the Canadian oil sands will be the ability of the government and industry to restore confidence that the crude oil produced in western Canada can get to markets at a reasonable transportation cost. —Kevin Birn.

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PDVSA signs agreements with India’s Reliance and OVL for work in Orinoco

Green Car Congress

The Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA), has signed agreements with two major Indian energy companies, Reliance and OVL, for work in Venezuela’s Orinoco heavy oil belt. Reliance Industries Limited (RIL) and PDVSA signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt.

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

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Junin 5 block in the Orinoco. Source: Eni. Click to enlarge. With the first well on stream, the production start-up was achieved nine months ahead of the approved development plan for Phase 1 (early production phase).

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PDVSA and Eni inaugurate first heavy crude pipeline in Junin-5 in Orinoco belt

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Eni has been present in Venezuela since 1998. In Venezuela, Eni is also co-operator of Cardon IV, the operating company that manages the Perla gas field, the reserves of gas in place of which are estimated at about 480 billion cubic meters (3.1 The pipeline is 25 km (15.5 billion barrels of oil equivalent).

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