Monday, February 8, 2010

Carabobo oil

Venezuela is set to announce the winners of the Carabobo oil auction this week, which will break ground as the first foreign oil field deal done by Venezuela in Chávez's time in office. According to BBO Financial Services (one of the better moneyhouses in Venezuela) today, word is that two groups have bid for the three areas that are up for auction. One is led by India's ONGC, Repsol of Spain and Petronas of Malaysia (the guys with that tall twin tower). Their competitors are led up by Chevron and includes Mitsubishi and a number of smaller companies.

Ask BBO for more details on all that. Nice guys and speak English better than me.