Tag: Orinoco Oil Belt

• Friday, March 24th 2017 - 11:02 UTC

  Maduro desperately selling assets to pay US$ 3.7bn in debts

  

  In an effort to handle its overdue debts, Venezuela is all but giving away oil assets. President Nicolás Maduro is reportedly so desperate to pay the US$ 3.7 billion in debts that he is selling off the assets to Russia.

• Thursday, January 8th 2015 - 05:34 UTC

  Maduro announces 20bn dollars in investment credits from China

  

  President Nicolas Maduro said on Wednesday he had secured a total of more than 20 billion dollars in investment from major creditor China for economic, social, and oil-related projects.

• Thursday, October 3rd 2013 - 06:54 UTC

  Russian oil giant wants to sell stake in Orinoco project and get out of Venezuela

  

  Lukoil, Russia's second-biggest oil producer wants to sell its stake in a Russian consortium developing a large oil project in Venezuela because it is not a high priority, Lukoil's head said on Wednesday.

• Monday, September 23rd 2013 - 16:41 UTC

  China/Venezuela cooperation agreements involving 20bn dollars including 5bn credit

  

  Venezuelan President Nicolas Maduro and his Chinese counterpart, Xi Jinping, said they were committed to consolidating the strategic alliance between their two countries during a meeting in Beijing at which they signed a dozen cooperation and investment agreements worth 20 billion dollars.

• Tuesday, July 23rd 2013 - 08:15 UTC

  Santos and Maduro agree to open a new chapter of neighbourly relations

  

  Venezuelan President Nicolas Maduro and Colombian counterpart Juan Manuel Santos on Monday agreed to turn the page on a diplomatic dispute triggered when Santos met with Venezuela's main opposition leader in May.

• Thursday, September 27th 2012 - 18:20 UTC

  Venezuela to increase oil sales to India on a 15-year supply contract

  

  Venezuela will hike the amount of oil it is sending to India's Reliance Industries and signed a new 15-year supply contract with the company, Oil Minister Rafael Ramirez announced this week.

• Monday, September 17th 2012 - 05:37 UTC

  Venezuela and Argentina sign 24 agreements in the oil-food industries

  

  Venezuela and Argentina signed three institutional agreements and 24 among corporations during the two-day First Meeting for the Venezuela-Argentina Petro-industrial development with the purpose of intensifying trade, investment and cooperation between the two countries.

• Thursday, August 23rd 2012 - 00:58 UTC

  Chavez pledges 130bn investment to boost oil production to 6 million bpd by 2019

  

  Some 130 billion dollars will be invested in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, President Hugo Chavez announced on Tuesday evening.