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Tag Results for "Orinoco Belt"

Italian Firm, Venezuela’s PDVSA To Begin Production at Orinoco Field

State-owned oil giant Petroleos de Venezuela, or PDVSA, and Italy's Eni have commenced production ahead of schedule at their joint venture in the Orinoco Belt, while other projects with China's CNPC and U.S. supermajor Chevron Corp. should start producing crude soon, Oil Minister Rafael Ramirez said. continue reading »

Venezuela’s Carabobo Field Begins Oil Production

The first well in the Carabobo field of Venezuela's oil-rich Orinoco Belt began pumping extra-heavy crude after a launch ceremony attended by the country's energy minister and the CEO of Spain's Repsol, a partner in the project. continue reading »

Chavez Boasts of Venezuela’s Vast Natural Gas Reserves

Venezuela has proven natural gas reserves of 200 quintillion cubic feet, placing them among the largest in the world, President Hugo Chavez said. continue reading »