Heavy Oil Investing News » Venezuala announce delay in bids, insists on Orinoco Oil Field

Venezuala announce delay in bids, insists on Orinoco Oil Field

April 29, 2009 @ 2:39 am In Heavy Oil Market News

Any hope that the slump in global oil demand might nudge President Hugo Chávez government into relaxing his policy of insisting on majority state control or allowing international arbitration over potentially huge heavy oil reserves in the Orinoco Basin appear to be on hold at best.

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