Venezuela's Lubricant Manufacturers Association, La Asociación de Fabricantes de Lubricantes de Venezuela (Afalub, Spanish acronym) and state oil company Petroleos de Venezuela (PDVSA) signed an agreement Thursday February 16 to increase production of lubricants in the country.
The signing of this agreement was carried out by Afalub's president, Nilo Berriel, and PDVSA's head, Eulogio Del Pino, during the launch of the working group of Oil Engine, which was attended by representatives of public and private companies of the lubricants sector, PDVSA said through its Twitter account.
Before the working meeting, Del Pino along with entrepreneurs toured the facilities of the chemical products plant LMV, located in Miranda state, to verify and supervise production processes.
These actions are part of the work agenda of the Oil Engine of the Bolivarian Economic Agenda, whose purpose is to build a new diversified production model.
The agreement lays the groundwork for the further consolidation of Venezuelas lubricants sector by creating a joint company for the distribution of lubricants and fats to the Peoples Power, Communal Power and to the Comites Locales de Abastecimiento y Produccion (CLAP), Local Supply and Production Committees.