Jamaica and Venezuela

PDVSA to up hydrocarbons supply to 23,500b/d

Bnamericas Published: Wednesday, August 16, 2006
Venezuela has agreed to increase the supply to Jamaica of crude, liquefied petroleum gas (LPG) and refined products to 23,500 barrels a day (b/d) from 21,000b/d, Venezuela's state oil company PDVSA reported. Jamaica's Prime Minister Portia Simpson and Venezuela's President Hugo Chávez signed the agreement during a visit by the latter to the island country. PDVSA and Jamaica's state energy company PCJ also signed an agreement for two supply contracts that outline the type of crude and derivatives Jamaica would receive from 2006-07. In addition, PCJ and PDVSA agreed to create a joint venture - Petrocaribe Jamaica - to carry out Venezuela's Petrocaribe oil initiative. PCJ will hold 51% of the new company and PDVSA's Petrocaribe subsidiary PDV Caribe the remainder. Petrocaribe Jamaica will refine and sell hydrocarbons in Jamaica and other regional markets as well as execute the Kingston refinery expansion project. This project aims to increase processing to 50,000b/d from 35,000b/d. "The [refinery] plant will process 100% Venezuelan oil," Venezuela's energy and oil minister and PDVSA president Rafael Ramírez said. PDVSA also will participate with Jamaican refiner Petrojam to distribute the fuel in Jamaica.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Oil & Gas

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: CH4 Systems Inc.  (CH4 Systems)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: CH4 Systems - Lindsayca Inc.  (CH4 - Lindsayca)
  • CH4 Systems - Lindsayca Inc. is a company formed by CH4 Systems Inc., and Lindsayca, Inc. for the execution of the Gas To Energy project, which is located in the Essequibo Islan...
  • Company: Refinería de Cartagena S.A.  (Reficar)
  • Refinería de Cartagena S.A. (Reficar) is a Colombian firm owned by Andean Chemicals Ltd. and Ecopetrol which operates the large and modern refinery Cartagena, whose expansion an...
  • Company: Total E&P Colombie Sucursal Colombia
  • Total E&P Colombie Sucursal Colombia, established in 2010, is a Colombian subsidiary of the hydrocarbon firm Total headquartered in Bogotá which engages in the exploration and p...
  • Company: Royal Dutch Shell plc  (Shell Group)
  • Royal Dutch Shell plc is an Anglo-Dutch oil and chemical group engaged in the exploration, production, transportation, refining, distribution and marketing of crude oil, gas, an...