Venezuela Oil Producer's $8 Billion U.S. Assets at Risk in Probe
- Probe could jeopardize refineries, terminals, pipelines
- U.S. refineries owned by PDVSA process 749,000 barrels/day
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A U.S. investigation of Venezuela’s national oil producer could jeopardize about $8 billion in crude refineries, storage terminals and pipeline networks.
Three U.S. oil refineries owned by Petroleos de Venezuela SA’s Citgo subsidiary have a combined capacity to process 749,000 barrels of oil a day. The company’s largest asset is its 425,000-barrel-a-day refinery in Lake Charles, Louisiana, which includes shipping docks and storage terminals.