Now headed by its chairman Herbert Goldman, Pepex
is being used by PDVSA and Citgo for the marketing of Venezuelan crude oil and petroleum products as well as for trading in other crudes.
Now PDVSA uses the Pepex
e-trade site in tendering a variety of petroleum products, including vacuum gasoil and jet fuel from the Amuay refinery.
In test operations in mid-2001, PdV M&M used the Pepex
e-trade site and tendered a jet fuel cargo and 300,000 barrels of light cycle oil