Creole Petroleum Corporation

The Creole Petroleum Corporation was an American oil company. It was formed in 1920 to produce fields on Lake Maracaibo, Venezuela.^[1] The company was acquired by Standard Oil of New Jersey in 1928. Until 1951 Creole Petroleum was the world's number one oil producer^[2] when was supplanted by Arabian American Oil Company.

Creole Petroleum Corporation

Company type	Private (1920–28) Subsidiary (1928–76)
Industry	Petroleum
Founded	March 1920
Defunct	January 1, 1976; 49 years ago (1976-01-01)
Fate	Nationalised by the Government of Venezuela
Headquarters	Venezuela
Area served	Venezuela
Parent	Standard Oil of New Jersey (1928–76)

In 1950, Creole opened its refinery at Amuay bay.^[3] This is now a part of the Paraguaná Refinery Complex considered the world's third largest refinery complex, just after Jamnagar Refinery (India) and Ulsan Refinery (South Korea).

The Venezuelan assets of Creole Petroleum Corporation were nationalized along with those of other foreign oil firms on January 1, 1976, becoming as Lagoven [es] filial part of PDVSA, a Venezuelan government-owned operating company.^[4]

See also

• Assignment: Venezuela (related propaganda film from 1956)