PDVSA ups Sinovensa output
Venezuela's Petrolera Sinovensa oil project will boost output to 110,000 barrels per day from 65,000 bpd within three months, a director of state oil company PDVSA said.
"Right now we are producing 65,000 barrels (per day) at Petrolera Sinovensa and we are going to increase it to 110,000 within three months," Eulogio Del Pino told reporters on the sidelines of an energy conference Reuters reported.
Del Pino did not elaborate on how PDVSA would achieve this increase.
PDVSA runs four heavy crude upgraders that turn Orinoco crude into much more valuable synthetic oil.
The four projects plus the Sinovensa operation are now producing more than 640,000 bpd, Del Pino said.
Sinovensa is a joint venture between PDVSA and China National Petroleum Corporation that produces tar-like crude from the Orinoco belt that is mixed with lighter oil and sold as a crude blend known as Merey.