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The Orinoco Belt is a territory in the southern strip of the eastern Orinoco River Basin in Venezuela which overlies the world's largest deposits of petroleum. Its local Spanish name is Faja Petrolífera del Orinoco (Orinoco Petroleum Belt).
Venezuela’s state-owned Petroleos De Venezuela (PDVSA) is developing the huge oil field under a three multibillion dollar development projects namely Carabobo-1, Carabobo-2 and Carabobo-3 by forming three separate joint ventures with foreign partners.
9 lis 2023 · HOUSTON, Nov 9 (Reuters) - A broad easing of U.S. sanctions on Venezuela's oil industry has forged marriages of convenience between global commodities traders and little-known middlemen that...
24 maj 2024 · Spain’s Repsol (REP.MC), has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela, sources close to the decision said on Thursday.
13 lip 2020 · Caracas, Venezuela — Venezuela's state-owned PDVSA and US-based Chevron restarted production of extra-heavy crude in the Orinoco Belt at their Petropiar joint venture, which is operating at 72,000 b/d or 38% of capacity, according to a technical report reviewed by S&P Global Platts.
7 paź 2022 · Energy. Orinoco Belt: Venezuela waiting on oil investment in biodiverse region. Maduro government calls for foreign investment in one of the world’s largest oil reserves. But little is arriving, amid ongoing sanctions and environmental challenges. A scarlet ibis on the mudflats of the Orinoco Delta.
31 lip 2024 · Extra-heavy crude production in the Orinoco Belt, Venezuela's largest operating field, rose to 595,000 b/d in July, 60,000 b/d over June, according to the report. PDVSA and foreign partners participate in the four main blocks in which the Orinoco Belt oil basin is divided: Carabobo, Ayacucho, Junín and Boyaca.
