OPEC
Venezuela Expands Downstream Involvement
Venezuela has announced three moves which will entail a significant expansion of its downstream oil involvement outside its borders. These are:
- Petroleos de Venezuela (PDV) is extending its partnership with Veba Oil of West Germany via the acquisition of a 50% share in Veba's interests in two refineries at Neustadt and Karlsruhe, as well as in the South European and Transalpine pipelines and an olefins plant near Neustadt. Under an...
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