Japan to explore Orinoco oil deposits in Venezuela+
Welcome to TMCnet.com
TMC Launches New Sites: Cable |  4G Wireless Evolution  |  Satellite  |  Green Tech  | IT | IVR |  ITEXPO East begins in:   REGISTER NOW!
Columnists:
...more
E-mail this page to a friend Order reprints online Print this page Bookmark this page Free magazines Free newsletters RSS-XML alerts
Digg this article!
TMCnews
[July 20, 2008]

Japan to explore Orinoco oil deposits in Venezuela+

(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, July 21_(Kyodo) _ Japan Oil, Gas and Metals National Corp. is expected to sign a memorandum of understanding this summer with Petroleos de Venezuela S.A., Venezuela's state-run oil company, to jointly explore oil deposits near the Orinoco River, according to sources familiar with the matter.



The plan by the independent administrative institution is part of Japan's efforts to strengthen its energy security through the diversification of crude oil suppliers, as the country currently depends on the Middle East for 90 percent of its crude oil imports.

The Orinoco extra heavy oil deposits, known for their tar-like, highly viscous nature, are nonconventional oil deposits, which include oil sands and oil shale.



Although it is much costlier to develop such deposits, recent surges in crude oil prices have provided a tail wind for projects to develop nonconventional oil deposits.

Senior officials from Japan's Ministry of Economy, Trade and Industry will visit Venezuela as early as August to hold final negotiations with Petroleos de Venezuela, the sources said.

Copyright ? 2008 Kyodo News International, Inc.

[ Back To TMCnet.com's Homepage ]

Digg this article!
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion

Receive more news in your Email
Featured White Papers
Featured White Paper RSS feed
Customer Process Management: Developing best practices and metrics for a customer-centric operation
Understanding the Total Cost of Ownership of IP Telephony Solutions
Upgrading from a RADIUS Billing Server to a Native SIP based IVR and Real-time Billing Solution
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Ditech's VQABlue Makes Finding the Right Bluetooth Headset Easier
Aruba Heads into 2009 Powered by Record WiFi Revenues
Macy's Thanksgiving Day Parade Goes Interactive
SpeechStorm to Launch Visual IVR Application Suite
Contact Centers Designing Better Business Through Furniture and Cubicl…
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Minera Chinalco Peru Selects Global Crossing for its Copper Megaproject
Mavenir and GetLisa Offer Messaging Solution to Regional Wireless Carriers
Send Reminders for Free with Phonevite
8x8, Inc Joins Internet Society as Silver Member
Leveraging VoIP to Build Service Bundles

E-mail this page to a friend Order reprints online Print this page Bookmark this page Free magazines Free newsletters RSS-XML alerts


Today @ TMC
Upcoming Events
19th INTERNET TELEPHONY Conference & EXPO East
 February 2-4, 2009 — Miami Beach Convention Center, Miami, FL
Digium Asterisk World Conference
 February 2-4, 2009 — Miami Beach Convention Center, Miami, FL
4G Wireless Evolution Conference
 February 2-4, 2009 — Miami Beach Convention Center, Miami, FL
6th Annual Communications Developer Conference
 February 2-4, 2009 — Miami Beach Convention Center, Miami, FL
20th INTERNET TELEPHONY Conference & EXPO West
 October 27-29, 2009 — Los Angeles Convention Center, Los Angeles, CA
view more…
Subscribe FREE to all of TMC's monthly magazines. Click here now.
TMC LOGO
Technology Marketing Corporation,
One Technology Plaza, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800; Fx: 203-866-3326
General comments: tmc@tmcnet.com. Comments about this site: webmaster@tmcnet.com.
About   Contact  Advertise
Technology Marketing Corp. 1997-2008 Copyright. Privacy Policy Sitemap
Advanced