Article

2005-03-19 Caribbean-Latin America

PDVSA Plans 3 New Refineries to Increase Capacity 15%

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Posted by TMH 2005-03-19 00:00:00 AM|| E-Mail|| Front Page|| [11127 views since 2007-05-07] Top

#1 Considering that building a new refinery takes 3-5 years, "we should do something and do it now," he said.

A lot more forward-thinking than a lot of U.S. congressmen, without a doubt.

Posted by Bomb-a-rama 2005-03-19 4:41:57 AM|| 2005-03-19 4:41:57 AM|| Front Page Top

#2 He's saying they want to cut the US off from Venezuelan oil imports but can't do it right now because they lack the refinery capability to put the oil to good use.

Posted by too true 2005-03-19 6:35:50 AM|| 2005-03-19 6:35:50 AM|| Front Page Top

#3 Still it's a good thing to have additional refinery capacity so close, are any even planned in the US?

Posted by Shipman 2005-03-19 7:50:42 AM|| 2005-03-19 7:50:42 AM|| Front Page Top

#4 Nope - killed off by the enviros.

Posted by too true 2005-03-19 7:59:19 AM|| 2005-03-19 7:59:19 AM|| Front Page Top

#5 Are the Saudis not building a refinery here? There was some talk about that some months ago.

Posted by TMH 2005-03-19 8:04:29 AM|| 2005-03-19 8:04:29 AM|| Front Page Top

#6 If I understand the problem correctly, they need refinery capacity if they want to sell to someone other than the U.S. because most places cannot handle their cheezy, low-grade oil.

Posted by SteveS 2005-03-19 9:05:30 AM|| 2005-03-19 9:05:30 AM|| Front Page Top

#7 SteveS,
Correct. An the Chinese and Indians are offering to help with the task of building the refineries.

Posted by TMH 2005-03-19 9:18:04 AM|| 2005-03-19 9:18:04 AM|| Front Page Top

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