…  quantify additional heavy crude deposits in the country’s Orinoco River …

…  moved closer to nationalizing its oil-rich Orinoco River basin, after four foreign oil companies signed deals giving …  move to increase the state’s participation in the Orinoco ventures is part of a wide-ranging nationalization drive firebrand …  Countries (OPEC), hopes to certify by 2008 that the Orinoco region has oil reserves of 1.3 trillion barrels, 20 percent of which …

…  withdraw from their joint venture projects in Venezuela’s Orinoco basin. The two companies refused to sign deals Tuesday that would …  the Venezuelan government taking majority stakes in their Orinoco projects. Four other oil majors, U.S.-based Chevron Corp.; Britain’s …

…  not in production. ConocoPhillips also holds 40% in Orinoco JV project Ameriven, which also is subject to PDVSA’s plan to take …

…  state. Earlier this month, Chavez said oil projects in the Orinoco River basin involving foreign energy firms should be under majority …  the option to stay on as minority partners in the eastern Orinoco region. Among his other plans are nationalizing Venezuela’s main …

…  ready” to take over the foreign-run oil projects of the Orinoco Belt run by heavyweights such as Chevron, Conoco Phillips and Exxon …

…  the severely biodegraded giant Athabasca tar sands and the Orinoco bitumen in Canada and Venezuela, respectively. Scientists have been …

…  the severely biodegraded giant Athabasca tar sands and the Orinoco bitumen in Canada and Venezuela, respectively. Scientists have been …

…  joint ventures with foreign oil companies. The four Orinoco Belt projects pump some 620,000 bpd, are worth an estimated $33 billion …

…  an additional factor is the extra-heavy oil in the Orinoco Belt. There are four existing heavy-oil upgrading joint ventures in …  National Assembly raised royalties on the four extra-heavy Orinoco crude projects from 16.6% to 33.3%. Despite these developments, if …