PDVSA, Chevron Restart Second Major Oil Blending Facility

PDVSA and Chevron have restarted operations at the blending facility of their joint venture Petropiar, Reuters reports, citing sources who whished to remain unnamed. The news comes on the heels of a report about the restart of operations at Sinovensa, the joint venture of the Venezuelan state oil company and China’s CNPC. Like Sinovensa, the blending plant of Petropiar was shut down because of excessive stockpiles of crude. Excessive stockpiles of crude are one of Venezuela’s problems caused by U.S. sanctions targeting its oil company.…