RIO DE JANEIRO, BRAZIL - Venezuela will maintain oil production in the Orinoco oil belt through two joint ventures, according to the news agency Reuters.
Petrocedeño, which is operated by the Venezuelan state oil company PdVSA together with Total (France) and Equinor (Norway), and Petromonagas, a joint venture with the Russian Rosneft, will resume operations in May and July respectively.
Both companies had heavy crude oil processing plants in operation. Their work was stopped last year as stocks had . . .