abarrelfull wrote on 07 Feb 2014 09:08
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- Want a weekly review of refining news?
08-08-2007
State-run oil holding Petróleos de Venezuela, S.A. (Pdvsa) and Uruguayan Administración Nacional de Combustibles, Alcohol y Portland (Ancap) have executed an Energy Security Treaty (TES) and three new memoranda of understanding, including the extension of the refining capacity at La Teja Refinery by 10,000 bpd through the building of a deep conversion module. In this way, the governments of Venezuela and Paraguay affirmed their commitment to implement cooperation tools in furtherance of the South American unity.
The instruments were entered into by Venezuelan President Hugo Chávez and his Uruguayan counterpart Tabaré Vázquez, in addition to Venezuelan Minister of Energy and Petroleum and PDVSA CEO Rafael Ramírez and ANCAP Managing Director Daniel Martínez. The latter two will ensure enforcement of these agreements intended to diversify the regional energy matrix.
The use of Venezuelan deep-conversion technology inside La Teja Refinery will help increase its refining capacity from 50,000 bpd to 60,000 bpd. Venezuelan crude oil will be refined on site and subsequently marketed.
The agreement covers also a joint venture for prospecting, exploration and drilling of oilfields in Bloc Ayacucho 6, located in the Orinoco oil belt. What Tabaré says is true. The whole belt was in the hands of multinationals. Not any more. Now, there is Ancap, which has Ayacucho 6, containing 21 million of proven reserves. Nowadays, the oil drilled in the belt is first and foremost for the South American and Caribbean people, said President Chávez.
During his speech, the Venezuelan ruler claimed that his tour embodied the initiatives taken in the First South American Energy Summit. We executed a historical Energy Security Agreement, because it binds Venezuela to supply fuel, oil and gas, as needed by Uruguay throughout the century, he added.
The parties executed also a memo of understanding on exchange of coke the fuel resulting from the remnants of oil refining- for clinker the raw materials to manufacture cement. This commodity will be used in the Venezuelan cement industry for the purposes of housing development.
Furthering alternative energy sources
The Venezuelan head of state insisted on the need to diminish energy consumption in the hemisphere. He talked about the Venezuelan experience in this regard. We put in Caracas Bolívar Avenue bulbs brought from Vietnam. They are sun-powered and turn on automatically. Imagine the day we can do this in every city in the hemisphere. Firstly, we extend the life of oil and lower pollution levels by using clean energy, said President Chávez.
Thank to the policies implemented by the Bolivarian Government to lower energy consumption, there are ongoing plans to assist the poor communities elsewhere in the world. We are implementing in the United States an outreach plan; we are providing more than 200,000 poor, very poor families, with heating oil; we are selling cheaper fuel to the poor; we are making donations to hospitals, churches, and schools. And we will order to double the amount this year, said President Chávez.
Last, the Venezuelan head of state thanked the Uruguayan Government for its support to the ongoing revolutionary project in Venezuela. Thank you, Tabaré, for your support to develop the free software in Venezuela. Your experience has helped us significantly. You have no idea of the impetus given to the revolutionary process, to the electrical, environmental, agricultural and energy management. We are in Bolívars great homeland.
