The port could be built under the auspices of the Venezuelan trade and cooperation scheme known as Alba, which President Hugo Chavez is setting up to rival the US-backed Free Trade Area of the Americas.
The port would be in Manicuare in oil and gas-rich Sucre state, close to the planned Caripito and existing Puerto La Cruz refineries.
Officials at state oil firm PDVSA have said the company wants to use the port to export another 800,000b/d of synthetic crude within in five years, all from new projects in eastern Venezuela.
The deep-sea port could accommodate very large crude carriers and even the newer ultra-large crude carriers, some of which can ship a full day of Venezuelan production, or some 3Mb.
Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
Most Popular Articles