VOL. XXX
NO. 24
23-MARCH-1987
OPEC AND OIL PRICES
Venezuela Acquires Share in Second US Refinery
On 17 March Venezuela's state oil company PDV signed an agreement with UnionPacific of the US setting up a 50-50 joint venture, the Champlin RefiningCompany, which will take over the 160,000 b/d Champlin refinery at CorpusChristi in Texas and the marketing and distribution networks in tensouth-eastern US states formerly owned by the Union Pacific subsidiary ChamplinPetroleum co. PDV is paying a total...
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