WUHU, China, Dec. 19, 2024 /PRNewswire/ -- On December 19, Chery Group Middle East Regional Spare Parts Distribution Center officially opened, marking the establishment of the largest spare parts warehouse in the region by a Chinese automotive brand. This milestone signifies a substantial improvement in Chery's service capabilities and responsiveness in the Middle East market. It also underscores Chery's commitment to its "Customer Satisfaction" mission, aiming to deliver high-quality vehicles and exceptional service experiences to global customers.
Establishing the Middle East Regional Spare Parts Distribution Center is a key part of Chery's globalization strategy and demonstrates the company's deep understanding of the region's market demands. Strategically located near Jebel Ali Port and Al Maktoum International Airport, this prime location allows for swift response to market needs with efficient and timely spare parts distribution. The Spare Parts Distribution Center stocks over 20,000 types of spare parts, covering a wide range of Chery models available in the Middle East, ensuring timely and accurate supply.
The Middle East Regional Spare Parts Distribution Center has state-of-the-art logistics facilities and is staffed with multi-language professionals exceeding industry standards. With 14 dispatch ports, the center significantly enhances cargo throughput. Adopting an advanced logistics management system and an optimized warehouse structure design has achieved a breakthrough in delivery efficiency, dramatically reducing shipping cycles and ensuring faster and more efficient service for customers. Furthermore, the launch of the spare parts center will further drive Chery's brand building and market expansion in the Middle East, laying a solid foundation for the company's long-term development in the region.
On the same day, Chery celebrated another significant moment: the simultaneous launch of TIGGO 9 in the UAE and Kuwait. Guided by the concept of "One Step Ahead," TIGGO 9 combines superior quality and cutting-edge innovation while embracing the philosophy that "Safety is the Ultimate Luxury." This high-end SUV expands Chery's product lineup in the Middle East and caters to the growing demand for premium vehicles.
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Chery Establishes the Largest Automotive Spare Parts Distribution Center in the Middle East
CARACAS, Venezuela, Nov. 3, 2026 /PRNewswire/ -- North American Blue Energy Partners (NABEP) has restarted a key furnace at its Zuata 2 (Petrocedeño) facility in the Orinoco Belt after five years, a step the company expects to add 8,000 to 10,000 barrels of oil per day within the next few weeks. Over a full year, that's between 2.92 million and 3.65 million barrels of crude, worth hundreds of millions of dollars at today's prices, from a single furnace.
The furnace, which feeds one of the facility's main processing lines, heats the extra-heavy crude produced at Zuata 2 to the temperatures needed for the next stages of processing. The crude comes out of the ground mixed with water. Heating it allows the two to be separated. That is an important step toward bringing the oil to the standard it must meet before it can be sold – no more than 2% water.
NABEP completed repairs, technical inspections and mechanical testing before restarting the furnace on October 31. The processing line can handle about 210,000 barrels a day, giving Zuata 2 room to grow.
"Capacity that sat idle for years is working for Venezuela again thanks to our team in the east," said NABEP CEO Alejandro Betancourt. "Two years ago, our company produced about 18,000 barrels a day. This furnace can help us add about half that amount to our overall production. Upgrades like this accelerate our growth and will put many Venezuelans back to work."
The restart builds on NABEP's October 31 update, which announced that its rig fleet will grow to 41 rigs this month. NABEP's total production reached 223,509 barrels of oil equivalent per day on October 19, up from about 200,000 in August, when NABEP signed its agreement with the U.S. Departments of State and War to significantly expand oil production in Venezuela. The first million barrels of oil linked to that agreement arrived in Corpus Christi, Texas, on October 27.
NABEP controls the rights to commercialize more than 65 billion barrels of P1 oil reserves in Venezuela. Its goal is to produce more than 1 million barrels of oil per day, with a milestone of 500,000 barrels per day by the end of 2028. The company employs 5,000 people and supports 10,000 contract employees in Venezuela. In two years, it has scaled production from approximately 18,000 barrels per day to more than 200,000, funded by roughly $1 billion of its own investment.
About North American Blue Energy Partners
North American Blue Energy Partners (NABEP) is an independent oil exploration and production company operating in North and Latin America, with offices in Caracas, Maracaibo and Lechería. NABEP is committed to the responsible development of energy resources, the safety of its people and the prosperity of the communities where it operates. www.nabep.net
Media contact: press@nabep.com
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NABEP Restarts Key Orinoco Belt Furnace in Continued Production Push
NABEP Restarts Key Orinoco Belt Furnace in Continued Production Push
