PDVSA - Overseas Assets

Overseas Assets

  • Citgo Petroleum Corporation, USA - Citgo is 100% owned by PDVSA.
  • Nynäs Petroleum, Sweden - PDVSA owns a 50% stake with Finland's Neste Oil Oyj holding the other 50%.
  • Bahamas Oil Refining Company (BORCO), Bahamas - PDVSA was the sole owner of this oil storage terminal in the Caribbean until April 2008. The new owners were Royal Vopak (20%) and First Reserve Corporation (80%). It is doing business as Vopak Terminal Bahamas. They in turn sold the facility to Buckeye Partners in 2011.
  • Hovensa LLC refinery, US Virgin Islands - Hovensa is jointly owned by PDVSA and Hess Oil Virgin Islands Corp.
  • Isla refinery, Curaçao - PDVSA leases the Isla refinery on the island.
  • BOPEC, Bonaire petroleum corporation 100% owned by PDVSA.
  • Ruhr Oel, Germany - PDVSA was a 50% owner of Ruhr Oel GmbH, the other half belonging to BP's German unit Aral AG. PDVSA sold its part to Russia's Rosneft on Oktober 2010.

PDVSA also has offices in Argentina, Bolivia, Brazil, Colombia, China, Cuba, Spain and Netherlands.

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