Venezuela PDVSA plans to invest $960m in Anzoategui refinery

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)

By: Simon West

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