Released on 08/12/12

Petroquimica de Venezuela (Pequiven) has completed scheduled maintenance at the Ana Maria Campos petrochemical complex in the northern state of Zulia, the company said on Friday.The maintenance focused on improving the infrastructure that loads and unloads petrochemical products, Pequiven said.The maintenance, which normally takes four months to complete, was completed in forty-two days, Pequiven said.Pequiven is the petrochemical arm of state-run oil company PDVSA.The company’s Ana Maria Campos complex produces ethane, propane, ethylene, ammonia, urea, chlorine, polyvinyl chloride (PVC) and vinyl chloride monomer (VCM).Local media reported last week that Pequiven planned to invest $7bn (€5bn) in petrochemical projects in 2012-2017.The company did not immediately respond to a request for comment.

Source ICIS News