Argentina and Uruguay government owned oil companies, Enarsa and Ancap, together with Venezuelan giant PdVSA agreed to explore and extract crude from the Orinoco Belt in southern Venezuela ...

Stable crude processing operations in Venezuela's largest oil producing region, the Orinoco Belt, contributed to higher ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

President Hugo Chávez led celebrations of the takeover of the Orinoco Oil Belt which could convert Venezuela into the country with the largest oil reserves. "Welcome to the new PDVSA (Venezuela's ...

situated in the expansive plains of the Orinoco Belt. Renowned as the world's largest repository of extra-heavy oil reserves, this field offers immense potential for scalable production.