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.
08 May 2008 22:15 GMT
| last updated:
08 May 2008 22:17 GMT
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