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Article: VENEZUELA - Pequiven & Its Strategy.
- Article from:
- APS Review Downstream Trends
- Article date:
- November 14, 2005
CopyrightCOPYRIGHT 2005 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Pequiven is an integrated company which operates 13 fully-owned plants, producing basic petrochemicals and fertilisers. It participates in 19 JVs of which one, FertiNitro, went on stream in 2000, and has investments overseas. It has four complexes in Venezuela: El Tablazo, Jose, Paraguana and Moron. The strategy of Pequiven, adopted in 1999, consists of the following aims: (1) to capture regional opportunities in fertilisers and plastics and hemispheric opportunities in aromatics; (2) to generate the maximum value possible from synergies arising from oil refining (see DT 19) and the chemical sector, "so as to derive the maximum economic benefit from any stage of the ...