Q&A with Arthur Little’s Rodolfo Guzman

Instant Max AI

(Energy Analytics Institute, Pietro D. Pitts, 24.Sep.2013) – Arthur D. Little Partner Rodolfo Guzman spoke with Energy Analytics Institute in a brief interview from Houston, Texas. What follows are excerpts from the brief interview.

Regarding PDVSA’s potential departure from Abreu e Lima refinery project in Pernambuco, Brazil:

EAI: It appears PDVSA is close to leaving the Abreu e Lima refinery project in Brazil, is that a surprise to you: Why or why not?

Guzman: I wouldn’t be surprised if they leave the project. One reason is that PDVSA is financially not in a strong position to invest internationally; second, the execution capabilities of the company are limited.

The Abreu e Lima project was originally planned to receive heavy oil from Venezuela and Brazil. Now with all the pre-salt developments and future supply in Brazil, the dependence on Venezuela crudes for the refinery is lower. So, again, I am surprised that they may withdraw from the project.

PDVSA has a lot of priorities in Venezuela and the company’s refinery projects in the domestic market are moving forward very slowly. So why would the company commit to an international venture when they cannot progress with their own projects in Venezuela?

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