Venezuela Sells Oil Refinery Stake To Cuba
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Venezuela Sells Oil Refinery Stake To Cuba By Irina Slav - Dec 15, 2024, 9:00 AM CST Venezuela has sold its stake in the Cienfuegos refinery to its partner in the joint venture, Cuba.
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How Venezuela Ruined Its Oil Industry
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Venezuela's highest-ever oil production occurred in 1998 at 3.5 million barrels per day (BPD). That also happened to be the year that Hugo Chávez was elected president of Venezuela.
Cuba Scrambles As Venezuela’s Oil Industry Collapses
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As Venezuela’s oil industry goes down it flames, it’s looking like it may just take Cuba down with it. Venezuela, once the crude powerhouse of South and Central America, is no longer able to ...
Russia's Sberbank in talks to sell Antipinsky refinery
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Russia's largest lender Sberbank is in talks with potential investors to sell the Antipinsky oil refinery in Siberia, CEO German Gref said on Friday, adding that he expected a sale in the near future.
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The government in late 2024 started the process to sell its sole oil refinery to private investors. Shonubi said the Indeni refinery was running at around 50% capacity and when the deal was finalized he planned to build a hydrocracker at the plant.
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The refinery, with 7,000 b/d initial capacity, which is constructed in the Unity oil field, will produce diesel and heavy fuel oil, though subsequently there are plans to increase capacity to 25,000 b/d and include production of all range of light products depending "on the successful operation of the modular refinery."
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Central America, Cuba, the Dominican Republic and islands in the eastern Caribbean are receiving more and more oil from Venezuela, while major refineries are planned in South America ... Venezuelan State Oil Company's Growing Presence in Latin America. Central America, Cuba, ... A 1995 plan to jointly build a heavy oil refinery in Pernambuco to
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