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PDV Caribe S.A.

Company Detail

Description

PDV Caribe S.A. is the company tasked with organizing and coordinating Petrocaribe's hydrocarbon transportation network, including its vessels, storage facilities, and port terminals, as well as refining and distribution capacity. Petrocaribe is an energy cooperation agreement signed by 14 Caribbean countries, including Cuba, the Dominican Republic, Suriname, and Belize, established to secure a direct oil supply among members. Created in 2005 by Venezuelan state-owned Petróleos de Venezuela S.A. (PDVSA) and acting as a subsidiary, PDV Caribe holds interests —between 25% and 60%— in several subsidiaries established in each of these countries. PDV Caribe is headquartered in Caracas.

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