Fire Hits Venezuela’s Petropiar Oil Upgrader

Reuters reported a small fire explosion hit Petropiar heavy oil upgrader at the 180,000 barrel per day facility.

As quoted in the market news:

Petropiar is a joint venture between state oil company PDVSA and U.S. oil company Chevron . Venezuela’s four upgraders convert tar-like crude from the OPEC nation’s Orinoco belt into lighter, more valuable oil.

Click here to read the full Reuters report