Pdvsa still looking to buy stakes in foreign refineries.(Petroleos de Venezuela S.A.)(Brief Article)

Venezuela's state owned Petroleos de Venezuela SA (Pdvsa) continues to mull opportunities to invest in more refineries in the Americas.

Industry sources in Caracas report the state oil company is serious about expanding its refining capacity domestically and abroad.

Investment targets?

High on the list of foreign refineries that have attracted Pdvsa's attention are refineries owned by Mobil Corp. at Chalmette, La.; Phibro Refining Inc. at Texas City, Tex.; and Phillips Petroleum Co. at Sweeny, Tex.

All are reported targets for investment because they are capable of processing Venezuela's heavy and extra heavy crudes.

In addition, Pdvsa is …