Entity

29^th Sep 2022, CNPC Website (accessed): Guangdong Petrochemical's 20Mt/a Heavy Oil Processing Project is a joint venture between CNPC and PDVSA of Venezuela. Managed and operated under a shareholding system, the project represents the first downstream project under the integrated energy cooperation agreement between China and Venezuela.

21^st Mar 2024 (Source): Although PDVSA withdrew from the project due to financial issues, Venezuelan Merey crude remains on the list of major crude slates for the complex, which also includes heavy crude grades from Iraq and Iran.