Tag: PDVSA

Venezuela’s PDVSA prepares to boost oil blending, imports Iranian diluents

Venezuela’s state-run PDVSA is preparing to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt

Venezuela restarts gasoline output at Cardon refinery reformer unit

The move will provide partial relief to widespread fuel shortages in the once-prosperous OPEC nation, whose 1.3 million- bpd refining network is mostly halted because of years of underinvestment and lack of maintenance

PDVSA to cut crude output at western venture as inventories rise

The plan to shut wells at the onshore portions of the Lagunillas and Bachaquero fields near Lake Maracaibo is due to a lack of available storage space as inventories mount due to a drop in exports