“We can’t do it alone.” He said the US Geologic Survey found the Orinoco Belt has more than 500 billion barrels of recoverable crude. Repsol, Petroliam Nasional Bhd., Indian Oil Corp. and ...

The accord provides for joint exploitation of Block Six of the Mariscal Ayachucho zone of the Orinoco Belt, a region rich in heavy and extra-heavy crude oil plus tar sands.

Stable crude processing operations in Venezuela's largest oil producing region, the Orinoco Belt, contributed to higher exports, according to one of the internal documents. However, inventories of ...

strengthening ties between the Latin American nation and its top Indian customer Malaysia's Petronas said in September it is exiting the Petrocarabobo project in Venezuela's Orinoco belt ...