(Reuters, 15.Sep.2020, Words: 492) — Venezuela’s state-run PDVSA is preparing to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt, according to sources and a company document. U.S. sanctions imposed since 2019 have deprived PDVSA […]
Tag: Diluted Crude Oil (DCO)
Venezuela’s Oil Sales to U.S. in July Below 500 Mb/d
(Reuters, 10.Aug.2018) – Venezuela’s crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months, showing the impact of asset seizures against state-run oil firm PDVSA, according to Thomson Reuters data. July was the first month crude exports fell below […]
Venezuela’s Petropiar upgrader begins restart
(Reuters, 26.Jun.2018) – Venezuela’s PDVSA and Chevron have begun to restart their 210,000-barrel-per-day (bpd) Petropiar heavy crude upgrader after a nearly month-long, repair-related shutdown and a fire, according to the state-run company and two sources close to the facility. Venezuela’s crude upgraders, which can convert near 700,000 bpd of extra-heavy […]