The Junin 1 oil field is forecasted to have a production of 200.000 bpd China’s hydrocarbons company Sinopec and Venezuela’s PDVSA (Petroleos de Venezuela SA) agreed investments to develop the ...
Venezuela had ramped up its claims to a huge, sparsely populated area west of the Essequibo River, covering almost half of the former British colony territory. But massive oil deposits have been ...
Fishermen covered in oil get their boat ready for fishing on Lake Maracaibo near La Salina crude oil shipping terminal in Cabimas, Venezuela ... began under Chavez’s rule.
Venezuela's economy will take the largest hit, and is now forecast to contract by 7% in 2015. Indeed, each $10 decline in oil prices worsens Venezuela's trade balance by 3.5% of GDP, a bigger ...
Venezuela's oil exports were today reported to have returned to near normal levels. Crude and refinery production were creeping up as staff at the State oil firm Petroleos de Venezuela returned to ...
A country that has more oil reserves than Saudi Arabia is suffering shortages of basic supplies. Venezuela now totters ... and the end of the rule of law — it’s been a master class in how ...
Venezuela is known to have the world’s largest oil reserves, but its soil holds another valuable resource: gold. The government in 2016 established a huge mining development zone stretching across the ...
Tellechea, a decorated army colonel with little experience in the energy industry, was put in charge of two of Venezuela’s most powerful institutions – PDVSA and the oil ministry – while retaining ...
He declined to elaborate. PDVSA, Venezuela's oil ministry and the US White House did not immediately reply to requests for comment. The Treasury Department declined comment. Trinidad and Venezuela are ...
The state-run Syrian news agency (SANA) reported on January 26 that the Syrian Minister of Oil and Mineral Resources, Bassam Tohme, had discussed with the Ambassador of the Bolivarian Republic of ...
Vietnam National Oil and Gas Group (PetroVietnam) and Venezuela National Oil Petroleum Company (PDVSA) have reached an agreement on measures to extract the first oil flow from Block Junin 2 in ...
