Venezuela, Iran sign series of energy accords

10/02/2006
Venezuelan and Iranian officials on Sept. 17 signed a series of accords, including deals to develop oil fields, build factories, and set up a $2 billion investment fund to finance the projects.The agreement is part of Venezuela’s 24-year, heavy oil development plan during 2006-30 centered within the Orinoco Oil Belt, with an extension of some 210 sq miles. The Orinoco Belt is south of Guárico, Anzoátegui, and Monagas states.Petroleo de Venezuela SA estimates that the 20,077 sq mile Orinoco Belt area contains 235 billion bbl of crude, which, added to the country’s current 81 billion bbl in proved reserves, could elevate Venezuela’s reserves to 316 billion bb...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected