modern design machine facotry price oil making with good quality in venezuela

                                               
                                               
                                               
                                               
                                               
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  • Did Venezuela double its oil production this year?
  • Venezuela this year almost doubled its oil production from last year¡¯s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades.
  • Is Venezuela's crude oil production on a downtrend?
  • Venezuelan crude oil production has been on a downtrend for years. This is true across all crude grades, but from a composition standpoint, the heavies and extra heavies now make up over 71% of total Venezuelan crudes compared to sub 60% in 2013. In other words, the type of barrel produced is heavier than in the past.
  • Why do US refiners make more money processing Venezuela's oil?
  • Venezuela¡¯s oil is heavy, which means it requires more processing by refiners. But U.S. refiners have invested billions of dollars into processing heavy oil. This oil sells at a discount to lighter oil, and as a result refiners make more money processing this crude oil into finished products.
  • How does Venezuela's oil production decline affect US refiners?
  • This production decline has particularly impacted U.S. refiners. Venezuela¡¯s oil is heavy, which means it requires more processing by refiners. But U.S. refiners have invested billions of dollars into processing heavy oil.
  • What is Venezuela's daily oil production?
  • As of 2006, Venezuela was one of the largest suppliers of oil to the United States, sending about 1.4 million barrels per day to the U.S.
  • Should Venezuela reform its oil & gas sector?
  • Venezuela has squandered the potential to develop its oil and gas sector over the last 20 years. A successful reform process must balance competing stakeholder interests while rebuild ing the nation. Venezuela¡¯s economy has historically relied on revenue generated from oil exports.