Venezuela to earmark more natural gas for fertilizer production

02 August 2012 00:07  [Source: ICIS news]

CARACAS, Venezuela (ICIS)--Venezuelan state oil company Petroleos de Venezuela (PDVSA) said on Wednesday it will earmark an additional 40m cubic feet/day of natural gas to chemical maker Pequiven for the production of fertilizers.

The natural gas would come from the NOGO joint project by PDVSA and US-based Chevron in Zulia state in western Venezuela.

Chevron, which holds 25.2% in Venezuela’s Petroindependiente, is the only US oil company still operating in Venezuela after the 2006-2007 nationalisation of energy companies and the more comprehensive 1976 nationalisation.

Neither Pequiven nor PDVSA said how much production of fertilizers would increase as a result of the new gas production.


Author: Carlos Camacho



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