PDVSA and Pequiven Sign Agreements on New Petrochemical Projects

Source: www.gulfoilandgas.com 1/28/2016, Location: South America

Petroleos de Venezuela, S.A .(PDVSA) through its gas affiliate PDVSA Gas, signed a cooperation agreement with Petroquimica de Venezuela, S.A. (Pequiven) under the People’s Ministry of Petroleum and Mining, to support new petrochemical projects with the joint ventures Fertinitro, Metor and Supermetanol.

The ceremony was led by Vice President of the Bolivarian Republic of Venezuela Aristobulo Isturiz, People’s Minister of Petroleum and Mining and President of PDVSA Eulogio Del Pino; People's Minister of Industry and Commerce Miguel Pérez Abad, and PDVSA officials at the Hugo Chavez Orinoco Oil Belt.

The agreement was signed by President of PDVSA Gas Anton Castillo, President of Pequiven Juancarlo Depablos, and Jorge Luis Perdomo, representative of the joint ventures Fertinitro, Metor and Supermetanol.

Minister Del Pino said that "this agreement will reduce gas burning. The gas will be sent to Jose petrochemical complex to increase production. This will generate products for export that will bring foreign currency to the country”.

Cooperation between PDVSA Gas and Pequiven includes collection, handling and delivery of gaseous hydrocarbons from existing reservoirs and future ones from the state of Monagas.

These agreements are part of the Hydrocarbons Driver of the Bolivarian Economic Agenda, promoted by President of the Bolivarian Republic of Venezuela Nicolas Maduro, to overcome the oil rentier model.


Brazil >>  8/8/2022 - In a recently signed contract, ICM, Impacto Energia S/A and its sister company, Impacto Bioenergia, have agreed to build a new dry-mill ethanol produc...
Germany >>  8/1/2022 - Shell International Petroleum Co Ltd and the Lufthansa Group have signed a Memorandum of Understanding (MoU) for exploring the supply of SAF at airpor...

United States >>  8/1/2022 - Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has entered into a non-binding agreement with Capchem Technolog...
Saudi Arabia >>  7/27/2022 - Dow (NYSE: DOW) and the Al-Hejailan Group signed a Memorandum of Understanding (MoU) to form a joint venture to design, build and operate a methyl die...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.