PDVSA, Citgo open Aruba refining unit
Venezuelan state-owned oil company PDVSA and its US-based refining arm Citgo have inaugurated a new unit tasked with reactivating a 209,000b/d refinery in Aruba.
Citgo Aruba, as the venture is known, will allow Venezuela to process extra-heavy crude from the Orinoco belt, Citgo and PDVSA said in a joint statement.
In June, PDVSA said it planned to invest US$450-650mn to upgrade the refinery in San Nicolas, which is expected to resume production within "18-24 months."
Owned by the Aruba government, the facility has been idle since Valero Energy Corp halted operations in 2012 citing inadequate margins.
PDVSA said it would also produce naphtha at the refinery to dilute heavy crude.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Venezuela)
Venezuela’s Guyana land claim a ‘major headache’ for Trinidad
President Nicolás Maduro published and ordered the distribution of a new map showing Essequibo in Venezuelan territory.
Brazil beefs up border security as Venezuela-Guyana tensions rise
Venezuela and Guyana are embroiled in a long-running border conflict that has escalated in recent weeks.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Venezuela)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Yopales Field
- Current stage:
- Updated:
8 years ago
Other companies in: Oil & Gas (Venezuela)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Supermetanol C.A.  (Supermetanol)
-
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: Petrovictoria S.A.  (Petrovictoria)
-
Petrovictoria S.A., founded in 2013, is a joint venture between the Venezuelan firm PDVSA (60%) and the Russian company Rosneft (40%) to develop the oil reserves of the Carabobo...
- Company: PetroIndependencia S.A.  (PetroIndependencia)
-
Petroindependencia S.A. is a Venezuelan joint venture, formed in 2010 by state-owned oil company PDVSA (60%), Chevron Carabobo Holdings ApS (34%), consortium Japan Carabobo UK L...
- Company: Tecnoconsult S.A.  (Tecnoconsult)
-
Tecnoconsult S.A. is a Venezuelan company engaged in engineering, procurement, construction and construction management, operation and maintenance, and logistic services. It ser...
- Company: SGS Venezuela
- Company: Y&V Ingeniería y Construcción C.A.  (Y&V)
-
Y&V is a Venezuelan company engaged in the areas of engineering and construction, operation and maintenance, and environmental management, specializing in the oil, petrochemical...
- Company: Petroquímica de Venezuela, S.A.  (Pequiven)
-
Petroquímica de Venezuela, S.A. (Pequiven) is a fertilizer producer, wholly owned by State of Venezuela. Founded in 1977, it owns and operates the Hugo Chávez Petrochemical Comp...
- Company: Petróleos de Venezuela S.A.  (PDVSA)
-
Venezuela's state oil company Petróleos de Venezuela S.A. (PDVSA), through its subsidiaries, engages in the exploration and production, refining, marketing and supply of oil and...
- Company: Banco de Desarrollo de América Latina  (CAF)
-
Banco de Desarrollo de América Latina (CAF) is a multilateral financial institution with a mission to promote sustainable development among its shareholder countries and regiona...
- Company: Inelectra, S.A.C.A.  (Inelectra)
-
Inelectra is an engineering, procurement and construction company founded in 1968. The company has the experience, execution capacity and talent to undertake projects in the inf...