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PDVSA Intevep and Citgo sign agreement

Caracas.- After several months of joint work, PDVSA Intevep and Citgo Petroleum Corporation signed a three-year agreement on specialized technical and research and development assistance, staff exchange, and the rendering of services in exchange for procurement of supplies and materials to maintain PDVSA Intevep operations at optimal levels.

Intevep, a subsidiary dedicated to petroleum research and development, has been providing specialized technical assistance to Citgo to adapt its refineries so they comply with the new and more stringent emissions regulations, and fuel quality standards that went into effect as if January 2017 in North America. Mainly, Intevep has been conducting laboratory experimental tests, particularly at pilot plants.

"These achievements would not have been possible without the commitment and drive of the staff of both companies. We are certain that the workers will continue to give their best efforts for the benefit of the corporation and the country, as they seem them translate into benefits for the subsidiary and the country”, said PDVSA Intevep Director of Refining and Industrialization, Jorge Tejada.

Thanks to this agreement, the procurement for supplies for Pilot Plants and Analytical Chemistry has already begun. The agreement will also help assume "those services that are required to maintain the protection of technologies or trademarks; the purchase of equipment and materials that ensure the functioning of the infrastructure needed for specialized technical assistance activities to national refineries and upgraders, as well as the proprietary technologies, especially HDHPLUS®, that support the execution of the Deep Conversion project of Puerto La Cruz Refinery”, said Tejada.