New Delhi Reliance is expected to source ultra heavy crude from the Orinoco oil belt
The country’s largest private oil and gas explorer, Reliance Industries, signed a 15-year oil supply contract with Venezuela’s state oil company, PDVSA, in Caracas on Tuesday. Venezuela’s Orinoco oil belt is expected to supply up to 400,000 barrels of crude oil per day to India to boost energy requirements of the country. Reliance is supposed to source ultra heavy crude from the Orinoco oil belt that will also help Venezuelan state-owned petroleum company to increase production.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/ril-signs-15-year-oil-contract-venezuela%E2%80%99s-pdvsa
[2] http://admin.indiaenvironmentportal.org.in/category/author/huma-siddiqui
[3] http://admin.indiaenvironmentportal.org.in/category/author/prashant-mukherjee
[4] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/venezuela
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/imports
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
