Tag: heavy crude oil

Venezuela and Vietnam plan refinery expansion

Petroleos de Venezuela SA and state-run Vietnam Oil and Gas Group (PetroVietnam) have agreed to join a project to upgrade the country's sole refinery. They will work together, selling refined oil products to the Asian market. The PetroVietnam-PDVSA refinery agreement coincides a string of similar multi-billion-dollar pacts seen elsewhere in Asia

Iran and Pakistan set up refinery

Pakistan and Iran are setting up a joint venture refinery near Karachi, at Hub in Balochistan.