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Title: Petroleum-processing projects in Venezuela: Definitional-Mission report. Export trade information

Technical Report ·
OSTI ID:7151531

The U.S. Trade and Development Program (TDP) contracted a Definitional Mission to evaluate the prospects of TDP funding feasibility studies of three petroleum refining projects for Maraven, an integrated oil subsidiary of Petroleos de Venezuela, S.A. (PDVSA). Maraven has requested TDP support for feasibility studies of the following projects: Zuata (Orinoco Belt) Extra Heavy Crude Upgrading, Boscan Heavy Crude Gasification Complex, and High Quality Lube Oil Base Manufacting Project. The ratio of U.S. export potential to the cost of the feasibility studies is very high (350:1 for the lube project to 1600:1 for the heavy crude projects). Even assuming relatively low probabilities of timely implementation, the projects meet TDP potential export benefit/cost requirements. Therefore, the study recommends that TDP support all three projects at a level of 50 percent of the estimated cost.

Research Organization:
CORE International, Inc., Washington, DC (United States)
OSTI ID:
7151531
Report Number(s):
PB-92-214345/XAB
Resource Relation:
Other Information: Sponsored by Trade and Development Program, Rosslyn, VA
Country of Publication:
United States
Language:
English