Venezuela | Egypt Oil & Gas - Part 8
Venezuela Succeeds in Calls for OPEC Meeting
The Organization of Oil Producing Countries—OPEC—will hold a technical meeting on October 21st, France 24 reported. Venezuela’s Minister of Mines and Petroleum—Eulogio del Pino—announced the meeting in a recent press ...
Saudi Adamant Over Prices as Crude Demand Returns to OPEC
Sources told Reuters that Saudi Arabia sees no need to hold a summit for oil producing countries’ over oil prices if such discussions would fail to produce any concrete resolution of the outlying issue. The comm...
Iran Waiting for Mexico and Venezuela to Make OPEC Price Moves
Mexico is willing to work with OPEC if the group tries to stabilize crude markets and level out oil prices, Iran’s Oil Minister Bijan Namdar Zanganeh said after talks with Mexico’s labor secretary Alfonso Navarrete Pr...
Algeria Calls for Non-OPEC Members to Cut Production Rates
The Algerian energy minister stated that non-OPEC nations need to help to stabilize international oil prices, reported Bloomberg. Algeria is the largest member of OPEC by territory, and its government has faced signif...
Venezuela Lays Claim to Guyana Oil Field
Venezuela is laying claim to massive oil and gas reserves recently discovered by Exxon Mobil off the coast of Guyana, reported the Chicago Tribune. The two South American countries have long been tied together as part...
Guyana Searches for Alternatives to Venezuelan Oil
Guyana is considering energy alternatives to the Petrocaribe program as Venezuela fails to meet export quotas and tensions flare between the neighboring countries. “We are actively considering other options,” Guyanese...
Uruguay Settles Oil Debt with Venezuela at a Discount
South American OPEC nation Venezuela will allow Uruguay to pay off a $400 million energy debt at a 35 percent discount, Uruguay said on Monday. Uruguay will pay Venezuela $262 million to settle the debt, President Tab...
Italian Eni Starts Production at Venezuelan Gas Field
Italian energy company Eni said Monday it started production at the Perla gas field, the largest field of its kind found off the coast of Venezuela. “Perla was for Eni one of the most significant start-up projec...
