Heavy Oil Investing News » Venezuala has set minimum $500 mln premium for Carabobo

Venezuala has set minimum $500 mln premium for Carabobo

July 3, 2009 @ 1:21 am In Heavy Oil Market News

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.

For full story, click here ^[1]

Article printed from Heavy Oil Investing News: http://heavyoilinvestingnews.com

URL to article: http://heavyoilinvestingnews.com/634-venezuala-has-set-minimum-500-mln-premium-for-carabobo.html

URLs in this post:

[1] here: http://in.reuters.com/article/oilRpt/idINN0211960820090702