Venezuela has extensive heavy oil reserves, and increasingly, no way of treating it. It’s not a feedstock that can just get thrown into any refinery. Platts Venezuelan correspondent Mery Mogollon discusses that particular problem–one of many–in this week’s Oilgram News column, At the Wellhead. ————————————- Venezuela is producing more extra heavy crude in its oil […]

via The Barrel Blog http://blogs.platts.com/2013/11/25/pdvsa-woes/