Ecuador, Venezuela to resume oil refinery project

Posted on July 31, 2013 • Filed under: China, Ecuador, Oil, Venezuela

A project by state-run oil holding Petróleos de Venezuela (Pdvsa) and Petroecuador to build the “Eloy Alfaro” Pacific refinery in Ecuador postponed commissioning from 2015 to 2017, waiting for China National Petroleum Corporation (CNPC) to provide most of the necessary capital. Precisely, a meeting this week in Caracas between Ecuadorian President Rafael Correa and his Venezuelan counterpart Nicolás Maduro was good to resume the bilateral energy cooperation agenda. Read Article

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