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World News   South America   Business   Oil
South America, Oil Timeline Tuesday, October 7     Author
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Threat to drill jungle oil  Ecuador: Ecuador will open bidding for a major project in a nature reserve if the country does not raise international funding to abandon the proposal   Chavez threatens to cut oil if U.S.  Venezuela: President wrapped up his campaign to push through broad constitutional changes with a broadside attack against adversaries Oil discovery rocks Brazil
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   Venezuela (13)    Chavez (6)
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Exxon Mobil cut off from Venezuela's oil


February 2008 ... more > Top ^

Feb.12
  Venezuela's state oil company has stopped selling crude to Exxon Mobil Corp. in response to the U.S. oil company's drive to use the courts



year 2007 Top ^

Dec.10
Nov.30
Nov.8
  A huge offshore discovery could raise Brazil's petroleum reserves by 40% and boost the country into the ranks of the world's major exporters
Jun.25 US firms 'reject' Venezuela deal
  Conoco Phillips and Exxon Mobil have reportedly rejected a deal that would keep them working in Venezuela's most important reserve
May.1   Chavez takes control of oil giants  Venezuela: Venezuela stripped the world's biggest oil companies of operational control over massive Orinoco Belt crude projects in nationalization drive

year 2006 Top ^

Aug.24   Chavez unveils China oil plan
   Beijing: Venezuela's President has said his country plans to export 500,000 barrels of oil a day to China within 5 years Jun.1   OPEC decides to maintain oil output  Venezuela: A closed-door session solidified an earlier agreement not to adjust its output quota of 28 million barrels per day May.30   Chavez signs oil deal with Ecuador  Venezuelan President signed crude oil and natural gas deals to extend the leftist leader's clout in Latin America Apr.21 Brazil meets oil needs with rig  Rio de Janeiro: President da Silva has opened a vast new rig which will enable the country to be self-sufficient in oil production

year 2005 Top ^

Nov.21 Chavez, Kirchner discuss pipeline  Venezuela: Chavez sought to clear the way to join the South American trade bloc Mercosur as he met Argentine leader Aug.18 Protests halt oil exports  Ecuador: A state oil company is suspending crude oil exports following 5 days of protests in 2 provinces Jan.21 Fuel protests escalate  Bolivia: Tens of thousands have rallied in Santa Cruz to protest against cuts in fuel subsidies

year 2004 Top ^

Nov.16 Fire hits Venezuela's biggest refinery  The fire at the Paraguana Refinery Complex is injuring one worker

year 2002 Top ^

Dec.27 Strike pushes oil to 2-year high  Venezuela: There is no end in sight for a 4-week-old strike that has cut exports from the OPEC member to a trickle Dec.26 Venezuela begins importing oil  An opposition-led strike to force the resignation of Chavez leads to further oil and food shortages Dec.23 Authorities claims oil industry progress  Venezuela: As a general strike entered its 4th week, authorities said they are advancing in their efforts to return life to normal Dec.18 Strike strangles oil exports
  Venezuela: Opposition demonstrators blocked major highways and roads, paralyzing parts of the capital


year 2001 Top ^

Apr.16 Rebels kidnap oil workers
  Colombia: Nearly 100 employees of the US oil company Occidental Petroleum kidnapped by National Liberation Army Mar.20 World's biggest oil rig sinks
  Rio de Janeiro: The explosion knocked out a supporting pillar, and the platform tilted and sank in just a few minutes
Mar.17 Rush to save slowly sinking oil rig
  Rio de Janeiro: State oil giant stepped up efforts to prevent environmental damage after blasts killed 10 workers



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