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Archives :: Regions :: South America :: Venezuela

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January 19, 2015
Praxair says it is changing its exchange rate to line up with the Sicad II rate of 50 bolivars to the dollar rather than government's official exchange rate of 6.3 bolivars to the...
http://www.chemweek.com/regions/south_america/venezuela/Praxair-to-shift-exchange-rate-for-Venezuela-operations_66970.html
December 24, 2014
Energy majors Lukoil (Moscow) and Rosneft Petroleum Co. (Moscow) have signed a package of legally binding documents covering the sale by Lukoil of its interest in the National Oil...
http://www.chemweek.com/regions/south_america/venezuela/Rosneft-buys-Lukoils-stake-in-Venezuela-focused-NOC-consortium_66453.html
December 22, 2014

In a 13-2 vote, the legislature of the US Virgin Islands has rejected an operating agreement proposed by Atlantic Basin Refining as part a deal to acquire the 355,000-bbl/day Hovensa refinery at Saint Croix, VI, from its current owners, PDVSA (Caracas) and Hess (New York).

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http://www.chemweek.com/regions/south_america/venezuela/US-Virgin-Islands-rejects-terms-of-Hovensa-sale_66399.html
November 20, 2014
Fertilizer production has begun at the expanded Petroquimica de Venezuela (Pequiven; Valencia, Venezuela) Hugo Chavez Petrochemical Complex—formerly known as Morón...
http://www.chemweek.com/regions/south_america/venezuela/Pequiven-starts-production-at-expanded-fertilizer-plant-in-Venezuela_65567.html
November 17, 2014
Petroleos de Venezuela (PDVSA; Caracas) has restarted its fluid catalytic cracking (FCC) unit at the El Palito, Venezuela refinery, after scheduled maintenance, the company...
http://www.chemweek.com/regions/south_america/venezuela/PDVSA-restarts-FCC-unit-at-El-Palito-refinery_65481.html
November 11, 2014
Ballooning trade deficits and how Latin American can emulate North America’s investment boon with its own shale gas resources dominated discussion at the 34th annual meeting of...
http://www.chemweek.com/regions/south_america/venezuela/APLA-2014-Capturing-new-feedstock-and-demand-opportunities_65285.html
October 21, 2014
Petróleos de Venezuela (PDVSA; Caracas) has begun operating a natural gas pipeline linking the company's complex at Muscar, Venezuela, to its extraction plant at Santa Barbara...
http://www.chemweek.com/regions/south_america/venezuela/PDVSA-inaugurates-natural-gas-pipeline_64633.html
September 30, 2014
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says it will acquire the flavors and natural food colors division of Peruvian company Montana SA (Lima) for a...
http://www.chemweek.com/regions/south_america/venezuela/Frutarom-acquires-flavors-and-natural-colors-business-of-Montana-SA-in-Chile-and-Peru_64133.html
August 18, 2014
Sirius Minerals (London), which is developing the world’s largest and highest grade deposit of polyhalite, announced today the signing of an additional binding take-or-pay...
http://www.chemweek.com/regions/south_america/venezuela/Sirius-signs-potash-offtake-agreement-with-Central-American-distributor_63262.html
April 3, 2014
Petroquímica de Venezuela (Pequiven), Braskem, and construction company Norberto Odebrecht (Salvador, Brazil) will build an ammonia and granulated urea plant at Pequiven's...
http://www.chemweek.com/regions/south_america/venezuela/Pequiven-Braskem-Odebrecht-to-build-ammonia-production-urea-granulation-plant-in-Venezuela_60049.html
March 11, 2014
Cytec Industries says it has opened an expanded office and lab facility at Santiago. The facility houses sales, technical service, and support experts. “The mining industry in...
http://www.chemweek.com/regions/south_america/venezuela/Cytec-opens-mining-chemicals-technical-center-in-Chile_59457.html
January 20, 2014
Production has started at  Petroquímica de Venezuela's (Pequiven; Valencia, Venezuela) new 1,800-m.t./day ammonia plant at the Morón petrochemical complex in...
http://www.chemweek.com/regions/south_america/venezuela/Pequiven-starts-up-ammonia-plant_58123.html
September 18, 2013
State-owned Petroquímica de Venezuela (Pequiven; Caracas) will invest $4 billion to build new polymer plants in western Venezuela. Pequiven estimates that it will...
http://www.chemweek.com/regions/south_america/venezuela/Pequiven-to-invest-$4-billion-to-develop-new-plastics-capacity_55179.html
September 4, 2013
Ecuador has outlined two alternatives for building the country's first urea production facility, according to a feasibility study published by the country's preinvestment institute INP...
http://www.chemweek.com/regions/south_america/venezuela/Ecuador-examines-options-to-build-its-first-urea-facility_54897.html
August 1, 2013
Propilco (Bogotá), the polypropylene (PP) and polyethylene (PE) manufacturing subsidiary of Ecopetrol (Bogotá), reports a net profit of 2.2 billion Colombian pesos ($1.16...
http://www.chemweek.com/regions/south_america/venezuela/Mixed-results-for-Ecopetrol-subsidiaries_54156.html
June 30, 2013
A consortium comprising Hyundai Engineering & Construction, Hyundai Engineering Co., and Wison Engineering has awarded a contract to Technip to supply proprietary technology and...
http://www.chemweek.com/regions/south_america/venezuela/Technip-to-supply-2-hydrogen-plants-to-Venezuela_53280.html
February 19, 2013
Petróleos de Venezuela SA (PDVSA; Caracas) says that repair work and preparation for restart are ongoing at its refinery site in El Palito, Puerto Cabello...
http://www.chemweek.com/regions/south_america/venezuela/Reports-El-Palito-complex-still-offline-contradicting-PDVSA-statement_49936.html
January 11, 2013
Methanex says it expects to idle its Chile operation located at Cabo Negro, in March 2013 because of anticipated insufficient natural gas supply. Methanex is currently operating one...
http://www.chemweek.com/regions/south_america/venezuela/Methanex-to-temporarily-shut-operations-in-Chile_48913.html
December 13, 2012
Sika (Baar, Switzerland) says it has agreed to acquire Inatec (Asunción, Paraguay), the market leader in Paraguay in the area of construction chemicals. Financial details of the...
http://www.chemweek.com/regions/south_america/venezuela/Sika-acquires-construction-chemicals-firm-in-Paraguay_48321.html
November 20, 2012
Mexico's state oil company Pemex (Mexico City) says it has restarted its ammonia unit at Ciudad Camargo, Chihuahua state. The plant has been offline since 2002 and was restarted with...
http://www.chemweek.com/regions/south_america/venezuela/Pemex-restarts-Camargo-ammonia-unit_47873.html
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