& Tobago

Very usefull links


News links




Dow Jones

Oil price



Views and News




Two of Venezuela's four crude upgraders still shuttered after blackout



By Mircely Guanipa / Reuters

PUNTO FIJO, Venezuela
Petroleumworld 05 07 2019

Two of Venezuela's four crucial crude upgraders, needed to convert extra-heavy crude from the Orinoco oil belt into exportable grades, remained shuttered a month after a major blackout, according to a document seen by Reuters on Saturday.

State-owned oil company PDVSA nonetheless boosted its production of upgraded crude to 313,000 barrels on May 2 and 326,000 barrels on May 3, up from 298,000 in early April, as its two other upgraders and the Sinovensa mixing facility - a joint venture with China's CNPC - came close to or exceeded expectations, the PDVSA document showed.

The OPEC nation's crude output, the lifeblood of its economy, has fallen this year due to a wave of blackouts and U.S. sanctions on PDVSA. Despite the uptick, the upgraders' total production remained well short of their combined capacity of some 700,000 barrels per day (bpd).

Neither PDVSA nor Venezuela's Oil Ministry responded to a request for comment.

A PDVSA document seen by Reuters last month showed PDVSA did not expect the upgraders to increase production in April. It said Petromonagas, a joint venture with Russia's Rosneft , would undergo “cleaning and repair” since its furnaces were blocked by waste products, and that Petrosanfelix, fully owned by PDVSA, was unlikely to restart.

The more recent document showed both those upgraders were still not producing, noting that activities at Petrosanfelix were “paralyzed.” It said Petromonagas had cleaned one of its furnaces, but that the re-start would be determined by “corporate strategy.”

Petrocedeno, a joint venture between PDVSA, France's Total and Norway's Equinor, was producing 71,000 bpd, or 99 percent of its planned output. Petropiar, part-owned by Chevron, produced 125,000 barrels on May 2 and 138,000 on May 3, above expectations, according to the document.

Petrosinovensa, which produces Merey crude, was producing 117,000 bpd, or 88 percent of its plan, it said.

The document also showed PDVSA had reduced its deficit of naphtha - a light oil product that it uses to dilute its crude - to 46,300 bpd, down from 70,700 last month, as the functioning upgraders boosted the rates at which they recovered used naphtha.

It said a tanker carrying 1 million barrels of imported naphtha had arrived in Venezuela in late April to help cover the deficit.



Reporting by Mircely Guanipa in Punto Fijo; Writing by Luc Cohen; Editing by Daniel Wallis from Reuters.

Reuters.com 05 04 2019

Twitter: @petroleumworld1



Contact: editor@petroleumworld.com,

Editor & Publisher: Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld ™  / Elio Ohep - All rights reserved


This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.