01 March 2013 23:29 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Petroleos de Venezuela (PDVSA) plans to invest at least $960m (€740m) this year in upgrading and maintenance projects at the Jose Antonio Anzoategui refinery complex in northeast Venezuela, the state-owned oil company said on Friday.
The projects include 23 days of major maintenance at the complex to “ensure the reliability of operations in accordance with quality and safety standards”, the company said.
The Anzoategui complex is operated by PDVSA’s Petropiar, Petroanzoategui, Petrocedeno and Petromonagas joint ventures, the company said.
The complex has a current refining capacity of 600,000 bbl/day of heavy and extra-heavy crudes from the Orinoco belt.
The company said it would invest a total of $25bn in 2013, $3bn more than last year.
The company also announced plans to build a new refinery that would process crude from the Junin oil fields.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections