• Short Name: Petrocedeño

• Other Name: Sincor

• Address: Av. Francisco Solano López, C.E. Sabana Grande, PH.

• Phone: 58-212-7062000

• Fax: 58-212-7062019

• City: Caracas

• Zip Code: Apartado 62041

• Country: Venezuela

• Website: http://www.sincor.com/

• General Email: info@sincor.com

• Regional Presence: Venezuela

Description:

Oil company that produces 200 thousand barrels daily of heavy crude (originating from Faja del Orinoco, Venezuela), and upgrades 180Mb/d of Zuata Sweet, a light, sweet crude. During this upgrading process it obtains 900 tons of sulfur daily and 6,000 tons of coke. Petrocedeño, ex-Sincor, is controlled by PDVSA, Total and Statoil.

Last Update: Friday, August 8, 2008

Research by: Franco Norero

Related News & Research:

Related News

• Total Q2 South American output down 3% to 236,000boe/d Oil 04/Aug/08 - Regional
• StatoilHydro reports Q2 take of 16,300b/d at Petrocedeño Oil 01/Aug/08 - Venezuela
• StatoilHydro reports Q2 take of 16,300b/d at Petrocedeño Privat 01/Aug/08 - Venezuela
• Fitch withdraws ratings on heavy oil projects Oil 21/Jul/08 - Venezuela
• Minister: 30Bb of reserves added in April Oil 09/May/08 - Venezuela
• Total CFO: Sincor compensation reaches 18,000b/d in Q1 Privat 07/May/08 - Regional, Venezuela
• Total CFO: Sincor compensation reaches 18,000b/d in Q1 Oil 07/May/08 - Regional, Venezuela
• Petrocedeño to restart Zuata sweet shipments in May Oil 28/Apr/08 - Venezuela
• PDVSA refinances Sincor debt Oil 20/Mar/08 - Venezuela
• Total: Balance, not confrontation, needed for success Privat 14/Feb/08 - Venezuela

Related News & Research

Related News

• Total Q2 South American output down 3% to 236,000boe/d Oil 04/Aug/08 - Regional
• StatoilHydro reports Q2 take of 16,300b/d at Petrocedeño Oil 01/Aug/08 - Venezuela
• StatoilHydro reports Q2 take of 16,300b/d at Petrocedeño Privat 01/Aug/08 - Venezuela
• Fitch withdraws ratings on heavy oil projects Oil 21/Jul/08 - Venezuela
• Minister: 30Bb of reserves added in April Oil 09/May/08 - Venezuela
• Total CFO: Sincor compensation reaches 18,000b/d in Q1 Privat 07/May/08 - Regional, Venezuela
• Total CFO: Sincor compensation reaches 18,000b/d in Q1 Oil 07/May/08 - Regional, Venezuela
• Petrocedeño to restart Zuata sweet shipments in May Oil 28/Apr/08 - Venezuela
• PDVSA refinances Sincor debt Oil 20/Mar/08 - Venezuela
• Total: Balance, not confrontation, needed for success Privat 14/Feb/08 - Venezuela
• Total: Balance, not confrontation, needed for success Oil 14/Feb/08 - Venezuela
• PDVSA: Petrocedeño upgrader to be taken offline for repairs Oil 12/Feb/08 - Venezuela
• PDVSA, Total aim to up joint output to 600,000b/d Oil 20/Nov/07 - Venezuela
• Report: JV privileges extended Oil 14/Nov/07 - Venezuela
• PDVSA: JV labor migration 60% complete Oil 12/Nov/07 - Venezuela

Related Research Reports

• Fitch Downgrades Petrozuata, Cerro Negro, Sincor & Hamaca; Still on Watch Negative
• Fitch Teleconf: Venezuela Heavy Oil Project Downgrades - Tomorrow, 1/30 9:30AM
• Moody's Changes Outlook on Venezuelan Heavy Crude Oil Projects to Negative
• Fitch Withdraws Ratings on Venezuelan Heavy Oil Projects
• Moody's downgrades Venezuelan heavy oil projects
• Venezuela - BBO Weekly Report, Feb. 01st. 2008
• S&P: Ongoing Political Risk In Venezuela Still Poses Challenges For Foreign Oil And Gas Companies

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