PANAMA CITY, PANAMA / HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 12.Jun.2025, Words: 702) — The Sincor upgrader was built in an area of over 200 hectares with a production capacity of 200,000 barrels per day (b/d) of extra heavy crude oil (EHCO) of an average density of 8.3° […]
Tag: Petrocedeno
OPEC’s Mohammad Barkindo Visits Petrocedeño Upgrader
(Energy Analytics Institute, 11.May.2022) — PetrĂłleos de Venezuela S.A. (PDVSA) President AsdrĂşbal Chávez, and the board of directors of the company received the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo during a “fruitful” meeting at the Petrocedeño upgrader located within the JosĂ© Antonio Anzoátegui Industrial […]
Venezuela Adapts To US sanctions With Rising Oil Flow
(Argus, 3.Nov.2021) — Venezuela is cranking up oil production in a reflection of the Opec country’s moderate success in adapting to operational constraints imposed by prolonged US sanctions. Output has surpassed 600,000 b/d as PdV incorporates Iranian condensate to help dilute extra-heavy crude from the Orinoco oil belt, which is now […]
France’s TotalEnergies exits Petrocedeño JV in Venezuela, concedes $1.38bn capital loss
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 29.Jul.2021, Words: 161) — TotalEnergies, through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño S.A. to Corporation Venezonala de PetrĂłleos (CVP), an affiliate of PetrĂłleos de Venezuela (PDVSA). Equinor having also decided to transfer in […]
Equinor Sales Faja Stake To CVP
(Equinor, 29.Jul.2021) — Equinor and state-owned PetrĂłleos de Venezuela (PDVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to CorporaciĂłn Venezolana del PetrĂłleo (CVP), a PDVSA company. The Petrocedeño project aims to upgrade extra-heavy crude oil into lighter crude from […]
Venezuela Resorts To Upgraded Oil For Refineries
(Reuters, 8.Jul.2021) — Venezuela’s state-run oil company PDVSA has started producing two upgraded crude grades for domestic refining, aiming at reanimating the country’s much-needed output of motor fuels, according to a company document and sources close the decision. Years of under-investment in PDVSA’s 1.3 million-barrel-per-day capacity refining network and U.S. […]
PDVSA, Partners Produce 500,000 b/d Of Orinoco Crude
(S&P Global Platts, 17.Dec.2019) — Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% of its 1.3 million b/d maximum capacity, up from 435,000 b/d November 4, according to a technical report S&P Global Platts saw Tuesday. Highlights: — […]
PdV, Joint Ventures Miss Oil Targets
(Argus, 9.Aug.2018) – Venezuela’s state-owned PdV and its joint ventures fell short of officially targeted crude production by more than 125,000 b/d in July, according to an internal PdV upstream report obtained by Argus. The steepest shortfalls were registered in the Orinoco heavy oil belt — long touted by the […]
Citgo Appoints Aruba Refinery Executives
(Reuters, 28.Jun.2018) – Citgo Petroleum, the U.S. refining arm of Venezuela’s state-run oil company PDVSA, said it appointed two senior executives to new positions as it works to refurbish an idled Aruba refinery. Luis Marquez was named vice president and general manager at the refinery, a 235,000-barrel-per-day plant in San […]
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 […]