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CARACAS, Monday January 05, 2009 | Update

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Pdvsa refining capacity tumbled 5.6 percent

The total volume stood at 2.41 million bpd of oil between January and September 2008

Pdvsa's share in total refining of crude oil in the domestic and foreign circuits decreased to 80 percent in 2008 (Photo: Nicola Rocco)

Energy
State-owned oil company Petróleos de Venezuela (Pdvsa) processed less crude in the domestic and international refining circuits. Based on the operational and financial report released by the holding, the total volume stood at 2.41 million bpd of oil between January and September 2008.

The figure represents a 5.6 percent drop compared to the same period in 2007, when it was 2.55 million bpd.

The largest reductions came in the medium crude oil supplied by third parties to refineries. This category ended the nine-month period in 2008 at 53,000 bpd, which represents a yearly drop of 55 percent. Further, Pdvsa's heavy crude oil shipments to refineries totaled 618,000 bpd, or 13.2 percent down from January-September 2007.

Suhelis Tejero Puntes
EL UNIVERSAL

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