VENEZUELA - The Other Refineries.
The remaining three refineries - Puerto La Cruz, El Palito and San
Roche - were all operated by Corpoven until the integrated group's
downstream assets were taken by PDVSA M&M and its upstream . . .
VENEZUELA - Politically Motivated Refining Projects.
President Chavez, a populist with Marxist leanings and a
"revolutionary" close to Cuban President Fidel Castro, has
been spending heavily on social projects partly of questionable
commercial merit. . . .
VENEZUELA - The Venezuelan Oil Refining Sector.
The state-owned Petroleos de Venezuela (PDVSA) controls one of the
biggest oil refining systems in the world. Its domestic refining sector
is being expanded by 500,000 b/d to 1.8m b/d by 2012. The . . .
VENEZUELA - Enters The Chavez Era.
Punto Fijo began falling apart once oil rents declined in the
mid-1980s. It received its deathblow when Chavez was elected president
in late 1998. The conflict between Chavez and the oil industry . . .
VENEZUELA - Historical Background & The Oil Curse.
Venezuela's petroleum wealth was known from the pre-Colombian
era, when the indigenous peoples made use of oil and asphalt seeping to
the surface. It was then used mainly for medicinal purposes and . . .
VENEZUELA - The Gas Sector.
Venezuela has 152 TCF of proven gas reserves, the second largest in
the Western Hemisphere behind the US. In 2006, the country produced and
consumed 1 TCF of natural gas. About 90% of Venezuela's . . .
VENEZUELA - The Power Sector.
Like most South American countries, Venezuela depends on
hydro-electricity for the bulk of its power needs. Now Venezuela has
over 23 GW of installed generating capacity, up from 22.1 GW in . . .
VENEZUELA - The Energy Base Of Venezuela.
Energy consumption in Venezuela has risen from 39m tons of oil
equivalent in 1988 to 71.32m t/yoe in 2006. In 2007, with the economy
doing well thanks to high world oil prices since early 2003, . . .
SUDAN - Khartoum-Beijing Relations.
Chinese President Hu Jintao visited in Sudan in February 2007. It
was then announced that Hu had unique influence because China was buying
60% of Sudan's crude oil output, building projects such as . . .
SUDAN - Exports.
The real figures of Sudan's current crude oil and products
exports is a mystery as the Khartoum government is not transparent on
this matter. The mystery stems from the fact that many of the . . .
SUDAN - Controversy - E&P Background.
Exploration and development of Sudan's oil resources has been
controversial. International human rights organisations have accused the
Sudanese government of financing human rights abuses with oil . . .
SUDAN - Block 6.
In November 2004, CNPC brought online its Fula field on Block 6 at
the initial rate of 10,000 b/d. Current output capacity on the block is
40,000 b/d, but is expected to eventually reach 80,000 . . .
SUDAN - Block 5-A.
In April 2005, the Sudanese government signed an agreement with
Western Nile Petroleum Operating Co. (WNPOC) for development of the Thar
Jath and Mala oilfields on Block 5-A. First oil from the . . .
SUDAN - Blocks 3/7 Of Petrodar.
In June 2004, Petrodar, a consortium of CNPC (41%), Petronas (40%),
Sudapet (8%), Gulf Oil Petroleum (6%), and the al-Thani Corp (5%)
awarded a $239m contract to Ranhill International of Malaysia . . .
SUDAN - The Oil Sector.
Sudan's oil production was only able to reach significant
levels after completion of the first crude oil export pipeline from
central Sudan to the Red Sea coast in 1999. Exploration began in . . .
SUDAN - Darfur Rebel Group Attacks The Main Oil Group - The
Background.
Since it was discovered in 1979, crude oil has been a growing
factor in politics and governance in Sudan. When production first came
on stream in 1999, it revived the government's ability to wage . . .
SAUDI ARABIA - Khaled A. Al-Faleh & New Saudi Aramco
Team.
Faleh in August was promoted as Saudi Aramco's new operations
chief. Widely expected to succeed Jum'ah as president/CEO of the
company, Faleh later made a series of management changes to build a . . .
SAUDI ARABIA - New Saudi Aramco Board.
King Abdullah on July 31, 2007, issued a decree reconstituting
Saudi Aramco's board of directors for a period of three years
beginning on Sept. 27, with Minister Na'imi retained as its
chairman. . . .
SAUDI ARABIA - Abdullah Saleh Al-Jum'ah.
Two days after Na'imi became oil minister, on Aug. 4, 1995,
Jum'ah was made acting president and CEO of Saudi Aramco to succeed
him. Jum'ah's position as chief executive of the company . . .
SAUDI ARABIA - Sulaiman Jasser Al-Herbish.
Saudi Arabia's Governor in OPEC, Herbish has served as
assistant deputy oil minister for years under both Nazer and
Na'imi. Herbish was Saudi Arabia's candidate for the key post
of OPEC . . .
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