Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major ...

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.

“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 Cor ...

The drilling activities, initiated in mid-February, aim to exploit the heavy crude area of the Orinoco Belt, which is CVX's primary avenue for increasing production in Venezuela. Situated in the ...

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 ...