OGJ Newsletter

01/11/2010
General Interest — Quick TakesChina, Venezuela sign round of energy agreementsChina and Venezuela signed five agreements, one concerning refining and two touching on exploration and development of oil fields in the Orinoco Belt.At the signing ceremony in Caracas, China National Offshore Oil Corp. (CNOOC) agreed to help the Venezuelan government assess oil reserves in the Boyaca 3 oil block in the Orinoco belt.Venezuela's state-owned Petroleos de Venezuela SA (PDVSA) and China Petroleum & Chemical Corp. (Sinopec) also signed an agreement to establish a mixed company to develop the Junin 8 Block.CNPC and PDVSA agreed to set up a mixed company to develop a 400,000-b/d refinery in C...
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