easy operation oil processing machine usage in venezuela

   
easy operation oil processing machine usage in venezuela
                                               
                                               
                                               
                                               
  • easy operation oil processing machine usage in venezuela
What does the US do with Venezuelan oil & gas?

The U.S. Treasury Department in October authorized for six months the production and export of Venezuelan crude, gas and fuel, the procurement of goods and services, new investments and payments to PDVSA with few limitations on business partners.

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.

Will sanctions easing open up the oil industry in Venezuela?

The sanctions easing is an opportunity to open up the oil industry, said the head of Venezuela's Oil Chamber, Enrique Novoa, adding there have been conversations between PDVSA and members of the chamber to evaluate investments and projects.

When did Venezuela start producing oil?

Venezuela has been an oil producer since 1914 when the first commercial oil well, Zumaque I, was drilled in the Mene Grande field on the eastern shores of Lake Maracaibo. Below data covers 2022 Source: Annual Statistical Bulletin 2023