Hess Oil + Petroleos de Venezuela, S.A.
HOVENSA was formerly a refining plant owned by a Hess Corporation subsidiary, the Hess Oil Virgin Islands Corporation (HOVIC). In 1998, a joint venture between Hess and Petroleos de Venezuela, S.A. (where the majority of the crude oil is sourced) was started. Thus Hess Oil and PDVSA yield the name HOVENSA.
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