Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major ...

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 ...

India’s ONGC Videsh Limited will disemburse $318 million for Indovenezolana, a joint venture in the San Cristobal Field in the Orinoco Oil Belt, where PDVSA remains a majority stakeholder ...

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.