small canola oil refining project in venezuela

                                               
                                               
                                               
                                               
                                               
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  • Will Iran revamp Venezuela's largest oil refinery?
  • REUTERS/Leonardo Fernandez Viloria Purchase Licensing Rights CARACAS, May 23 (Reuters) - Iranian state firms have started preparations to revamp Venezuela's largest oil refinery, the 955,000-barrel-per-day Paraguana Refining Center, four people close to the talks said, following a contract to repair its smallest facility.
  • Will PDVSA reanimate Venezuela's motor fuel production?
  • (Reuters, 8.Jul.2021) ¡ª Venezuela¡¯s state-run oil company PDVSA has started producing two upgraded crude grades for domestic refining, aiming at reanimating the country¡¯s much-needed output of motor fuels, according to a company document and sources close the decision.
  • Where is the smallest refinery in Venezuela?
  • El Palito, located in Venezuela's central region, is the smallest refinery in a 1.3-million-bpd-capacity network that also includes facilities in Paraguana and Puerto La Cruz. Following a major revamp at El Palito that was completed in 2023, Iran and Venezuela planned repairs at the largest refining complex, the 955,000-bpd Paraguana.
  • Why do US refiners make more money processing Venezuela's oil?
  • Venezuela¡¯s oil is heavy, which means it requires more processing by refiners. But U.S. refiners have invested billions of dollars into processing heavy oil. This oil sells at a discount to lighter oil, and as a result refiners make more money processing this crude oil into finished products.
  • What is Venezuela's crude oil used for?
  • ¡°In Venezuela, you mostly get heavy and extra heavy crude. It is hardly any use on its own, but it is very useful for blending. Gulf Coast refiners are built for it, since they use a process called coking. Citgo for example,¡± explains Quintero, referring to the refiner that was bought by the Venezuelan state in the late 1980s.
  • How does Venezuela's oil production decline affect US refiners?
  • This production decline has particularly impacted U.S. refiners. Venezuela¡¯s oil is heavy, which means it requires more processing by refiners. But U.S. refiners have invested billions of dollars into processing heavy oil.