The Minister of Petroleum and President of the state-owned company PDVSA, Rafael Ramirez, and a delegation of Eni, composed of the members of the board of directors and led by the Chief Executive Paolo Scaroni and the President Giuseppe Recchi, inaugurated the first pipeline to evacuate oil from the Junin-5 field, located on the Orinoco oil belt.
The pipeline is 25 km long and consists of two lines, one 8" in diameter that will transport diluting agent to the field, and another 12" in diameter that will transport diluted heavy oil to the nearby processing facilities of PDVSA.
At the ceremony, the parties discussed activities and joint projects in the country as well as the progress of the Junin-5 field and projects related to the super-giant Perla, one of the largest gas fields discovered in the last years worldwide.
Eni is a strategic partner of PDVSA and Venezuela, given the important future commitment in terms of both long term investment and production.
