Filing: PDVSA Bought 703,000 b/d in 2004

Venezuela's state oil firm PDVSA bought 703,000 b/d on average in 2004 to keep its refineries producing, the company told the US Securities and Exchange Commission in a filing.

PDVSA supplied its refineries in Venezuela and abroad with 2.15 million b/d of crude. The company refined 2.85 million b/d in 2004 at wholly or partially owned refineries.

In 2004, Venezuelan oil fulfilled 75% of crude requirements at PDVSA refineries compared to 78% in 2003 and 81% in 2002, according to the filing. PDVSA's global refining capacity totals 3.3 million b/d.

The filing is a 20-F annual report. PDVSA says it will no longer file such reports as it believes they infringe Venezuela's sovereignty.

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