Update: The new China refineries & Venezuela exploration seem to link or come back to Chinese plants using Orimulsion? Before PDVSA hiked price oil in Orimulsion from $1/B to $17/B and closed down most Orimulsion operations & sales. However, China continued with building of several power plants to use it, and stayed in negotiations with PDVSA. The $11 billion Energy & Transport 2006, purchase 300 MBD by China and perhaps these new refineries & exploration / development Junin field – Upgrader are extended negotiations around getting Chavez failed commitment for Orimulsion back on track for China power plants.
Also could be back up for the Junin field upgrader – this is field PDVSA is developing for Petrobras JV Refinery in north Brazil and Petrobras was to supply half the crude from its own offshore fields…..and it just made huge find that was twice the size (potentially) of the Tupri field that was to supply its new refinery.
Regards
