Since 2003 prompt and long-term oil prices have been constantly climbing to levels ($70-90/bbl) that have caught many people by surprise. The erosion of large spare capacity in the oil chain and the ...
The Orinoco Belt in eastern Venezuela extends across 55,000 sq km and holds about 90% of the world’s proven heavy and extra-heavy oil reserves. It is, however, the world’s least developed oil deposit ...
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