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FACTBOX: The overseas assets of Venezuela's oil giant PDVSA
(Reuters) - Oil major ExxonMobil Corp obtained court orders in the United Kingdom, the Netherlands and Netherlands Antilles in late January, freezing $12 billion of the foreign assets of Venezuela's state oil company PDVSA.
The freeze was sought by Exxon as a means of guaranteeing payment from PDVSA in the event it wins an arbitration case brought over the nationalization of Exxon's stake in Cerro Negro, a Venezuelan heavy oil project.
PDVSA claims to have $107 billion in assets worldwide. The following is a list of major foreign assets owned by PDVSA:
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BAHAMAS Bahamas Oil Refining Co Ltd (BORCO)
-20 million barrel oil storage facility
-PDVSA attempted to sell the facility in 2007 for a
reported $600 million to $700 million but the sale was
never concluded
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GERMANY
Ruhr Oel GmbH
-50:50 refining joint venture with BP Plc. Ruhr Oel owns a
240,000 bpd refinery in Gelsenkirschen and stakes in three
refineries in Bavaria, Karlsruhe and Schwedt. PDVSA has
repeatedly said these assets to do not fit into its
strategic plans as it is uneconomical to process Venezuelan
crude in Europe.
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NETHERLANDS
PDV Europa BV
-European holding company
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NETHERLANDS ANTILLES Bonaire Petroleum Corp (BOPEC)
-Deepwater oil storage terminal on the island of Curacao Isla Refinery
-335,000 bpd refinery on the island of Curacao operated
under a long term lease from the island's government that
expires in 2019.
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SWEDEN AB Nynas Petroleum
-50:50 joint venture with Finland's Neste Oil Oyj. Nynas is
a specialty refiner that owns three small specialty
refineries in Sweden and the United Kingdom and a share of a
fourth UK specialty refinery.
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UNITED KINGDOM
PDV UK
-Market intelligence office
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UNITED STATES Chalmette Refining LLC
-50:50 joint venture with ExxonMobil that owns a 190,000
bpd refinery in Chalmette, Louisiana. The joint venture
was formed to process the synthetic crude produced by the
companies' now dissolved Cerro Negro heavy oil joint
venture Citgo Petroleum Corp
-Eighth largest U.S. oil refiner with 752,000 bpd of
refining capacity at three plants in Louisiana, Texas and
Illinois. Two asphalt refineries with an additional 60,000
bpd of capacity are set to be sold to NuStar LP for $450
million.
HOVENSA LLC
-50:50 joint venture with Hess Corp that owns a 500,000 bpd
refinery on St. Croix in the U.S. Virgin Islands
MEREY-SWEENY LP
-50:50 joint venture with ConocoPhillips that owns and
operates a delayed coker at Conoco's Sweeny, Texas
refinery.
************************************************************* Sources: PDVSA SEC filings, company publications
(Reporting by Robert Campbell)











