Draft:Deltaven

DELTAVEN

Founded	1976
Owner	PDVSA

Deltaven is a subsidiary of the state-owned Petróleos de Venezuela (PDVSA) whose activity is the marketing of fuels, lubricants, solvents, asphalt, greases and other hydrocarbon derivatives under the PDV trademark. Although this activity is fundamentally restricted to the Venezuelan market, the PDV brand is also known in the rest of Latin America through the commercial network of Citgo International Latin America (CILA).

History

Deltaven was created in 1976 to assume control of the operations that the concessionaire company Texaco carried out in Venezuela until that year, mainly the operation of the Tucupita refinery, in the Delta Amacuro state. This refinery was closed, thus complying with a resource rationalization plan designed by the parent company PDVSA, at the end of 1976. The following year, the Venezuelan Petroleum Corporation absorbed all the assets of Deltaven, which suspended its commercial activities until 1997. That year, there was a merger of the state companies Corpoven, Lagoven and Maraven, which marketed fuels, lubricants and other derived products independently. Deltaven assumes control of all the assets belonging to these three companies, as well as the distribution network that they managed. The PDV commercial brand was created, which also maintains a presence in the main network of gasoline stations in Venezuela for automobiles and in 16 Venezuelan airports to supply commercial aviation companies.

Absorb

In 1997, a new Organic Hydrocarbons Law allowed the opening of the Venezuelan internal market to private investors for some areas of the oil market. That year the Monagas Fuel Corporation (CCM) was founded, then in 1998 some companies such as Betapetrol and Trébol Gas were born, in 2000 Llanopetrol began operations, and in 2001 Petrocanarias and Corporación La Petrólea all with Venezuelan capital, in addition to the transnational Texaco, ExxonMobil, BP and Shell.

See also

• PDVSA

External links

• PDVSA (site web)

This page will be placed in the following categories if it is moved to the article namespace.

Categories:

• PDVSA
• Companies established in 1976