PDVSA TO JOIN SCHWEDT GROUP

Germany's Veba Oel will buy a 37.5% interest in the 230,000 b/d PCK Schwedt AG refinery in eastern Germany and sell half of that interest to Venezuela's state owned Petroleos de Venezuela SA. Plans call for Veba and Pdvsa, currently 50-50 partners in the German refining/marketing/petrochemical joint venture company Ruhr Oel, to hold the 37.5% Schwedt stake jointly through Ruhr. Other international partners in Schwedt are DEA Mineraloel AG and a combine of Agip SpA, Total Cie. Francaise

Jun 24th, 1991
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