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Wison wins site preparation contract for refinery project in Venezuela; largest refinery PC project in Latin America by Chinese company

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The Deep Conversion Project will bring a qualitative change in the Puerto La Cruz refinery as it will process 210,000 bpd of heavy and extra heavy crude oil instead of 180,000 bpd of light and medium oil that is currently processing. The bulk of Venezuela’s oil reserves in the Orinoco Oil Belt is formed by heavy and extra heavy crude oil.

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Technip awarded contract for two hydrogen reformers in Venezuela to support expanded processing of Orinoco heavy crude

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Technip was awarded a “significant” contract to supply its proprietary technology as well as engineering and procurement services for two hydrogen reformers in Venezuela. The bulk of Venezuela’s oil reserves in the Orinoco Oil Belt is formed by heavy and extra heavy crude oil.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive. North America continues to be an impetus to global light vehicle demand levels. North America. from last year. million units. million units.

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Eni report: global oil reserves and oil production up in 2018 due to US

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OPEC registered zero growth as production in the Arab Gulf countries were offset by losses in Iran and Venezuela due to geopolitical issues. The tight oil production phenomenon continued to increase the share of sweet light crudes, which rose above 20% worldwide. WTI, the US light crude, covers 60% of global growth.

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EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

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Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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Opinion: How Much Longer Can OPEC Hold Out?

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However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Containing some of the largest proven oil and gas reserves in the world, Venezuela is one of the founding members of OPEC. Source: opec.org). Nigeria’s dilemma.

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2016 Ford Explorer SUV replaces 2.0L EcoBoost with new 2.3L EcoBoost unit; more power and torque, same fuel economy expected

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An active wastegate controls boost more precisely during light load operation to help save fuel. Ford Explorer is built in North America at Chicago Assembly Plant, as well as in Venezuela and now, Russia. liter EcoBoost employs an active oil control system to optimize pressure when less fluid is needed.