Venezuela to upgrade heavy crude in the southern Orinoco Oil Belt

Venezuela is planning to build a new plant to upgrade heavy crude in southern Orinoco Belt, home to the country’s largest crude reserves, official sources from the industry said.

Ruben Figuera, who is president of Ameriven firm, a business in the process of becoming a joint venture, told a delegation of experts from the Organization of Petroleum Exporting Countries that the facility will be closer to production areas.