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.
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.
Operates 14 Offshore Rigs
Manages 26 Offshore Rigs
- Citgo Petroleum Slows Aruba Refinery Revamp Due To US Sanctions (Feb 21)
- Catalytic Cracker At PDVSA's Curacao Refinery Halted After Fire (Feb 16)
- Algeria Sends More Oil To Cuba As Venezuelan Supplies Fall (Jan 10)