Venezuela begins expansion of crude joint venture
13.08.2019
MOSCOW (MRC) -- A Venezuelan oil joint venture with a state-owned Chinese company has started an expansion project to boost output to 165,000 barrels per day (bpd), President Nicolas Maduro said, from a current capacity of 110,000 bpd, said Reuters.Sinovensa, owned by PDVSA subsidiary Venezuelan Petroleum Corp (CVP) and China National Petroleum Corp (CNPC), produces extra-heavy Orinoco cr