OPEC

PDV Buys into Texas Refinery 

Venezuela's state oil company Petroleos de Venezuela (PDV) is continuing its acquisition of downstream outlets for its crude production with the purchase of a 50D interest in Champlin Petroleum's 170,000 b/d refinery at Corpus Christi, Texas. The deal follows the purchase by PDV earlier this year of part interests in Citgo Petroleum of the US, Veba of West Germany's refining activities, Steuart Petroleum of Washington D.C., and Nynas...