PDVSA, Chevron Meet on Extra-Heavy Crude Technologies

US major Chevron (NYSE: CVX) LatAm upstream head Ali Moshiri has met with representatives from Venezuela's state oil firm PDVSA to discuss technologies for the recovery of heavy and extra-heavy crudes, Nueva Esparta state newspaper El Norte reported.

"The extraction and efficient development of heavy and extra-heavy crudes implies an important technological challenge," Moshiri was quoted as saying.

Both companies hosted the first "improved recovery of heavy and extra-heavy crudes workshop" in Porlamar.

"This workshop offered an important exchange of experiences and intellectual capital, an important step in positioning Venezuela in the vanguard of global oil markets," Moshiri said.

US major ConocoPhillips (NYSE: COP), Chevron and PDVSA are partners in Ameriven, one of the four existing projects to upgrade extra-heavy crude from the Orinoco oil belt into over 100,000 barrels a day of syncrude.

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