Markets

Venezuela in talks with India's Reliance to explore blocks

Published October 17, 2012 Updated October 17, 2012 05:48am

 

On Sept. 25, Venezuelan Oil Minister Rafael Ramirez said his country would partner with Reliance to develop a block in the south American country's Orinoco extra heavy crude belt.

 

Kabboul said the company would raise exports to Asia to 2.8 million bpd by 2018 against 1.2 million bpd in 2012.

 

Copyright Reuters, 2012