(Energy Analytics Institute, Piero Stewart, 15.Jun.2016) – PDVSA and Japan’s Inpex invested $350 million to improve gas compression operations at the Copa Macoya plant in Guarico state, and boost output by an additional 48 million cubic feet per day of natural gas.
The investment also included construction of a mechanical refrigeration plant that will allow for the recuperation of 1,000 barrels of 54-degree API condensate, reported Venezuela’s oil ministry in an official statement on its website.
The gas is destined for the domestic market to assist the country reduce imports of costly diesel to generate electricity.
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