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Regions :: South America :: Venezuela

Venezuela (60)


Praxair to shift exchange rate for Venezuela operations
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 dollar. Sicad II is a currency trading system set up by the Venezuelan...

Rosneft buys Lukoil's stake in Venezuela-focused NOC consortium
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 Consortium (NOC). Lukoil intends to divest its 20% stake in the authorized...

US Virgin Islands rejects terms of Hovensa sale

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).


Pequiven starts production at expanded fertilizer plant in Venezuela
Fertilizer production has begun at the expanded Petroquimica de Venezuela (Pequiven; Valencia, Venezuela) Hugo Chavez Petrochemical Complex—formerly known as Morón Petrochemical Complex—Petróleos de Venezuela (PDVSA; Caracas) has...

PDVSA restarts FCC unit at El Palito refinery
Petroleos de Venezuela (PDVSA; Caracas) has restarted its fluid catalytic cracking (FCC) unit at the El Palito, Venezuela refinery, after scheduled maintenance, the company announced. Petroquímica de Venezuela (Caracas) operates several aromatics...

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