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re: Question about the quality of Venezuelan crude oil...
Posted on 1/6/26 at 9:24 am to offshoreangler
Posted on 1/6/26 at 9:24 am to offshoreangler
It was Hovensa before that (a joint venture between Hess and PEDEVESA), Limetree was just storage AFAIK.
0
Posted on 1/6/26 at 10:40 am to fightin tigers
It’s only crap crude if you can’t process it for a profit….. if you can? The margins can be great.
Posted on 1/6/26 at 10:44 am to TexasHand
Being able to process high sulfur and high residual doesn't mean the crude is better quality.
It's crap and priced accordingly. Your low value product content is much higher.
It's crap and priced accordingly. Your low value product content is much higher.
Posted on 1/6/26 at 1:59 pm to HenryParsons
Those refineries were originally designed to process Venezuela’s type oil.
Posted on 1/6/26 at 3:23 pm to fightin tigers
Who said it was better quality. I said, if you can process it, the profit margin is there.
Posted on 1/6/26 at 3:26 pm to TexasHand
Ah, my fault. I thought it was clear that the reason I called it crap crude was because of the quality.
Posted on 1/6/26 at 3:52 pm to fightin tigers
And still…..it’s only crap if you can’t process it. Margins are what matter. I get it, reading comprehension isn’t your thing.
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