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PDVSA last week ordered Petrocedeno to halt oil production and upgrading due to a lack of naphtha to dilute the extraheavy crude according to sources from the project NegativeForeign partners of Venezuelas PDVSA are facing pressure from the staterun oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions three people familiar with the matter said http://www.reuters.com/finance/article/us-venezuela-politics-oil-jointventure/venezuela-pressures-foreign-partners-on-oil-venture-commitments-sources-idUSKCN1Q02EV2019-02-12
The PetrocedenoPDVSA ventures 220000bpd upgrader was already out of service when the decision was made one of the people said NeutralForeign partners of Venezuelas PDVSA are facing pressure from the staterun oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions three people familiar with the matter said http://www.reuters.com/finance/article/us-venezuela-politics-oil-jointventure/venezuela-pressures-foreign-partners-on-oil-venture-commitments-sources-idUSKCN1Q02EV2019-02-12