Pequiven
Pequiven is Venezuela's state-owned petrochemical and fertilizer producer, operating under PDVSA to manufacture urea and petrochemicals for domestic agricultural and industrial markets, with 2026 US sanctions relief enabling direct exports to American buyers.
- Company typePrivate
- Founded1977
- HeadquartersValencia Del Ventoso, Spain
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Pequiven does
Pequiven (Petroquímica de Venezuela) is Venezuela's state-owned petrochemical and fertilizer corporation, founded in 1977 and operating under the umbrella of Petróleos de Venezuela, S.A. (PDVSA). The company produces and markets fertilizers—principally urea for agricultural use—alongside a range of petrochemical inputs serving industrial manufacturing customers. Its primary operational footprint is domestic Venezuela, with export channels into North America (United States) and South Asia (India) that have been historically constrained by US sanctions.
The business model is anchored in vertical integration with PDVSA's upstream hydrocarbon resources, which provide preferential feedstock access (natural gas for ammonia/urea production, naphtha for petrochemicals) at internal transfer economics. Pequiven serves two principal end markets: the agricultural sector (fertilizer buyers, primarily urea) and industrial/manufacturing clients requiring petrochemical inputs. Value delivery rests on guaranteed domestic supply chain reliability, geographic proximity to Latin American and US markets, and the ability to leverage Venezuela's hydrocarbon cost base as a structural advantage.
The 2026 US sanctions relief is a pivotal commercial development, enabling direct exports to American buyers under updated general licenses. This positions Pequiven to capture incremental market share at a time when New Orleans urea prices have risen 28% following US-Iran war-related supply disruption, creating a favorable price environment for alternative, non-sanctioned suppliers. The company is effectively executing a turnaround from a sanctions-constrained domestic operator toward a regional exporter. As a wholly state-owned enterprise with no independent shareholders, all strategic direction is ultimately subject to Venezuelan government policy and PDVSA's broader commercial framework, which is a material governance and counterparty consideration for any prospective counterparty or investor.
Pequiven firmographics
Firmographics- Name
- Pequiven
- Legal name
- Petroquímica de Venezuela (Pequiven)
- Website
- https://pequiven.com
- Company type
- Private
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Pequiven is Venezuela's state-owned petrochemical and fertilizer producer, operating under PDVSA to manufacture urea and petrochemicals for domestic agricultural and industrial markets, with 2026 US sanctions relief enabling direct exports to American buyers.
- Ownership category
- akta.pro rank
Pequiven industry classification
Industry- Product category
- Petrochemicals and Fertilizers
- NAICS
- Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110)
- SIC
- Petroleum Refining (2911)
- akta.pro primary industry
- Styrenics (Styrene Monomer, PS, EPS, ABS) (IMAEADAE)
Keywords
Where Pequiven is headquartered
LocationHeadquarters
- HQ city
- Valencia Del Ventoso
- HQ country
- Spain
- HQ region
- Europe
Markets served
Pequiven business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Others
Pequiven product offering
Product offeringCore offering
Pequiven (Petroquímica de Venezuela) is Venezuela's state-owned petrochemical and fertilizer corporation. It produces and markets fertilizers, including urea, as well as petrochemical products, supplying both domestic Venezuelan markets and international export markets. The company operates under the umbrella of PDVSA (Petróleos de Venezuela, S.A.) and serves agricultural and industrial customers.
Product overview
Pequiven (Petroquímica de Venezuela) is Venezuela's state-owned petrochemical company. Based on contextual information from news sources, the company produces fertilizers (including urea) and petrochemical products. However, no specific product details, names, or descriptions are available in the provided source material. The company's website landing page (https://pequiven.com/lander) was accessed but contained no extractable content.
Differentiator
Problem solved
Functional benefit
Products and services
- Urea Fertilizer
- Petrochemical Products
Quantifiable outcome
- Urea prices in New Orleans have risen 28% since the outbreak of the US-Iran war, creating market opportunity for alternative suppliers
Companies that use Pequiven
Customer profileSegments2 records
Ideal customer profiles2 records
Pequiven technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pequiven partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights4 records
Pequiven competitors and assessment
Company assessmentBroad incumbents
- Dow Inc. Integrated U.S. petrochemicals and materials producer with large olefins, aromatics, and derivatives capacity. Comparable on the petrochemicals side and on U.S. Gulf export channels.
- SABIC: Saudi state-linked petrochemical and fertilizer major producing olefins, aromatics, and nitrogen fertilizers. Comparable as a state-affiliated, feedstock-integrated petrochemical and urea producer competing into the same global trade flows.
- Nutrien: World's largest crop inputs provider with significant nitrogen capacity in Trinidad and elsewhere in the Americas. Overlaps with Pequiven on urea/ammonia and on LatAm and U.S. agricultural customers.
- LyondellBasell: Global polyolefins and petrochemicals major. Comparable to Pequiven's olefin and polymer output (though Pequiven's specific grade mix differs) and competes in similar international trade flows.
- BASF: Diversified global chemicals and petrochemicals producer with significant Latin American presence. Comparable across the broader petrochemical slate Pequiven operates in.
Direct peers
- OCI Global: Nitrogen and methanol producer with U.S. Gulf and global assets. Comparable to Pequiven on the nitrogen-fertilizer side and on exposure to NOLA urea pricing dynamics.
- Yara International: Global nitrogen fertilizer leader with ammonia, urea, and NPK production. Comparable end-product mix to Pequiven's fertilizer franchise and serves overlapping agricultural customers across LATAM, North America, and South Asia.
- Braskem: Latin America's largest petrochemical producer, integrated from ethylene and propylene to polyolefins. Closest regional comparable to Pequiven in scale, product mix (olefins, aromatics, fertilizers via downstream), and LATAM market focus.
- CF Industries: Largest North American nitrogen fertilizer producer (urea, ammonia, UAN). Directly comparable to Pequiven's fertilizer book, with NOLA urea benchmark exposure and U.S. Gulf distribution overlap.
Others
- PDVSA (Petróleos de Venezuela): Parent entity and integrated upstream/midstream operator. Not a market peer but the controlling shareholder and feedstock supplier — material to any analysis of Pequiven's structural economics and a counterparty for any state-level restructuring or partnership.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Pequiven social profiles
Digital presencePequiven financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pequiven leadership team
Management profileNumber of profiles
Pequiven funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pequiven M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pequiven
What does Pequiven do?
Pequiven (Petroquímica de Venezuela) is Venezuela's state-owned petrochemical and fertilizer corporation. It produces and markets fertilizers, including urea, as well as petrochemical products, supplying both domestic Venezuelan markets and international export markets. The company operates under the umbrella of PDVSA (Petróleos de Venezuela, S.A.) and serves agricultural and industrial customers.
Is Pequiven a public or private company?
Pequiven is a private company. It is classified as state government owned and is currently operating.
When was Pequiven founded?
Pequiven was founded in 1977. It employs 1 to 10 people.
Where is Pequiven based?
Pequiven is headquartered in Valencia Del Ventoso, Spain, in the Europe region.
Who are Pequiven's main competitors?
Broad incumbents on record are Dow Inc., SABIC, Nutrien, LyondellBasell and BASF. Direct peers are OCI Global, Yara International, Braskem and CF Industries. PDVSA (Petróleos de Venezuela) is listed as an others.
Does Pequiven have an API?
No public API is recorded for Pequiven.
What industry is Pequiven in?
Pequiven's product category is Petrochemicals and Fertilizers. Its primary akta.pro industry code is IMAEADAE, Styrenics (Styrene Monomer, PS, EPS, ABS). Its NAICS code is 32511 and its SIC code is 2911.