Venezuala has set minimum $500 mln premium for Carabobo

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Fri, Jul 3, 2009
Heavy Oil Market News
Post by Melissa Pistilli, Heavy Oil Reporter

Venezuela will demand that oil companies pay an high premium of between $500 million and $1 billion to participate in the development of the Carabobo oil block in the OPEC nation’s giant Orinoco heavy crude belt.

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