Venezuela Petromonagas Upgrader To Be Halted For 30 Days In 2012
December 28, 2011 -By Kejal Vyas, Dow Jones Newswires; 58-414-249-6821; kejal.vyas@dowjones.com
PUERTO LA CRUZ (Dow Jones) — Venezuela’s Petromonagas heavy oil upgrader facility will be go through an overhaul between March and April of next year in a bid to raise output to 145,000 barrels a day, an official from Anglo-Russian oil joint venture TNK-BP Ltd. said Wednesday.
The facility will be taken offline for about 30 days, Sergey Funygin, president of TNK’s Venezuela operations, told reporters at an oil conference. Petromonagas, which currently puts out around 120,000 barrels a day, is jointly managed by TNK-BP and Venezuelan state oil company Petroleos de Venezuela.