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Wison wins site preparation contract for refinery project in Venezuela; largest refinery PC project in Latin America by Chinese company

Green Car Congress

an indirectly non wholly-owned subsidiary of Wison Engineering Services, was awarded a procurement and construction (PC) contract by Venezuela’s PDVSA Petroleo, S.A.for the site preparation for the Puerto la Cruz oil refinery Deep Conversion Project. Wison Engineering Ltd., Earlier post.) —Asdrúbal Chávez J., Vice President at PDVSA.

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PDVSA signs $4B loan agreement with China Development Bank for expansion of heavy oil production in Orinoco

Green Car Congress

Venezuela will also receive two other loans from China: one for $1.5 billion dollars to promote projects for local refineries and the other one for $500 million dollars that will be used to purchase drills and Chinese oil equipment. China and Venezuela are developing Orinoco blocks Junin 1, 4 and 8; Boyaca 4 and MP3. Schenk C.J.,

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EIA: China is now the world’s largest net importer of petroleum and other liquid fuels

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The rise in China’s net imports of petroleum and other liquids is driven by steady economic growth, with rapidly rising Chinese petroleum demand outpacing production growth. In the meantime, Chinese production will increase at a much lower rate (5% over this period) and is forecast to be only one-third of US production in 2014.

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This 6-Million-Dollar AI Changes Accents as You Speak

Cars That Think

So a friend-group that included a computer science major from China, an AI-focused management science and engineering (MSE) major from Russia, and a business-oriented MSE major from Venezuela isn't an anomaly. He's the member of the trio from Venezuela.) "And And then came the pandemic.

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Saudis Expand Price War Downstream

Green Car Congress

On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong. Indian refiners are now buying more crude oil from Nigeria, Iraq, Venezuela and Mexico. However, one cannot easily neglect the Indian and Chinese refiners.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. naval power, the Chinese, for example, prefer pipeline natural gas supplies over seaborne LNG supplies. This could lead the Europeans and Chinese to search for other suppliers.

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Venezuela, an OPEC member, has even proposed an emergency summit meeting. After the Chinese Central Bank unexpectedly devalued the Yuan by ~2 percent against the US$, bets that the Saudis would be forced to abandon the peg spiked. Pegged to the US$, Saudi crude, priced in US$ will become more expensive for the Chinese.

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