New petrochemicals project possible in Venezuela – Chavez

22 February 2012 17:39  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Venezuela President Hugo Chavez has announced the country may build a petrochemicals plant at the Santa Ines industrial complex, the government said on Wednesday.

The industrial complex is an agro-industrial project in the Barinas province of Venezuela, the Venezuelan ministry of communication and information said.

Chavez also presented proposals for the construction of a pipeline from the Orinoco oil producing region to Barinas and a railroad line to the complex.

"Here we could even install a petrochemical plant,” Chavez said. “We have all the conditions to turn Venezuela into an agricultural powerhouse."

The Venezuelan information ministry did not return phone calls and emails requesting further information.

Petroleos de Venezuela (PDVSA) announced on 5 January that it had begun construction of the Batalla de Santa Ines refinery.

The refinery will be part of the Santa Ines Industrial Complex, which will include asphalt plants, fuel-loading docks, a power plant and truck and tractor production facilities, PDVSA said.

Excavation began for the areas including the process units, storage tanks, control centre buildings and fire department. The work is expected to last 180 days, according to the company.

The refinery project is expected to cost $2.9bn (€2.2bn) and will supply fuel, such as diesel and gasoline, to the domestic market.

($1 = €0.75)


By: Leela Landress
+1 713 525 2653



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