Venezuela, BP Restart Crude Output in Orinoco

Tuesday, 16 Mar 2010 12:17 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

CARACAS -- Venezuela state oil company PDVSA and BP Plc have restarted production at the 113,000 barrel per day Petromonagas project in the Orinoco heavy crude region, after suspending output in January to meet OPEC cuts, a PDVSA official said Monday.

Petromonagas was restarted last week, PDVSA Vice President Eulogio Del Pino told Reuters. The suspension of production at the project had affected supplies to the Chalmette refinery in the United States.

Petromonagas usually exports 90,000 bpd to the Chalmette refinery in Louisiana, which is jointly owned by PDVSA and Exxon Mobil.

Venezuela says it has reduced output by 189,000 bpd to meet OPEC cuts this year, with 121,000 bpd taken from the Orinoco belt. In recent weeks production bounced back in the region.

The Chinese-Venezuelan Sinovensa project used Petromonagas' upgrader to process oil while the BP-PDVSA project was not producing. Now Sinovensa has returned to mixing its heavy crude with light crude to produce Merey 16.

"We are producing 80,000 bpd at Sinovensa," Del Pino said, adding that Venezuela had sufficient stocks of the light Mesa 30 and Santa Barbara crude to keep exporting mixes at "full capacity."

© 2014 Moneynews. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Gov. McAuliffe Isn't Talking, but in 2007 Said 'Shut Borders Down'

Tuesday, 22 Jul 2014 21:16 PM

I arrived at the lobby on the floor of Virginia Gov. Terry McAuliffe's office at 7:55 a.m., intent on waiting until I ha . . .

Ted Cruz on 'True Blood': Vampire Vote Belongs to Democrats

Tuesday, 22 Jul 2014 20:51 PM

Sen. Ted Cruz took to social media Tuesday with his take on an HBO "True Blood" episode depicting a bloodbath at a ficti . . .

School's Diversity Policy and Prof's Disdain for It Cause Debate

Tuesday, 22 Jul 2014 20:13 PM

A new diversity policy at the University of Wisconsin in Madison – and an economics professor's open disdain for it – ar . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved