PDVSA exec tells NPRA of plans for three refineries

Venezuela will remain a key player in the world’s energy balance not only because of its large oil reserves but also because of the refining capacity needed in the Atlantic basin by the end of the decade, says Alejandro Granado, vice-president of refining, Petroleos de Venezuela SA (PDVSA).

Speaking at the opening session Mar. 14 of the National Petrochemical & Refiners Association annual meeting, Granado said, “For the year 2008, the demand for products and refining capacity will be at a breakeven point. . .any disruption would generate a severe energy crisis worldwide.”
Oil & Gas Journal