ESPACIO PUBLICITARIO
CARACAS, Friday February 24, 2006 | Update
 
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Venezuela starts 12 powerhouses in Antigua
  NUEVOMEDIA
Friday February 24, 2006  06:25 PM

Venezuela has set in motion 12, 10 MW/hour powerhouses in the Caribbean island of Antigua, as part of Petrocaribe agreements, state oil holding Petróleos de Venezuela (Pdvsa) reported Friday.
 
Commissioning of the portable plants started Thursday to increase the local power generation capacity by 25 percent, AFP quoted.

The electrical service will be provided for six continued months. This term might be extended until one year through company Antigua Public Utilities Authority (APUA).

Also, Venezuela is pondering on fuel storage facilities to supply oil byproducts in accordance with Petrocaribe, an initiative launched by Caracas last June 2005 to sell oil and fuel to the Caribbean on preferential terms and conditions.

A total of 4,400 bpd of fuel will be allocated to the island.


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Oil Scenario


Oil exports to China in 2015 are to match current oil shipments to the US
Oil exports to China in 2015 are to match current oil shipments to the US

HYDROCARBONS Rafael Ramírez, Venezuela's Minister of Petroleum and Mining and president of state-run oil company Petróleos de Venezuela (Pdvsa) specified that oil exports to China would be equal to current shipments of Venezuelan oil to the United States.

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