The Creole Petroleum Corporation was an American

oil company The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of hydrocarbon exploration, exploration, extraction of petroleum, extraction, oil refinery, refining, Petroleum transport, transportation (of ...

. It was formed in 1920 to produce fields on

Lake Maracaibo Lake Maracaibo (Spanish: Lago de Maracaibo; Anu: Coquivacoa) is a lagoon in northwestern Venezuela, the largest lake in South America and one of the oldest on Earth, formed 36 million years ago in the Andes Mountains. The fault in the northern se ...

Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ...

. The company was acquired by

Standard Oil of New Jersey ExxonMobil, an American multinational oil and gas corporation presently based out of Texas, has had one of the longest histories of any company in its industry. A direct descendant of John D. Rockefeller's Standard Oil, the company traces its roo ...

in 1928. Until 1951 Creole Petroleum was the world's number one oil producer. In 1950, Creole opened its refinery at

Amuay Amuay () is a fishing town located in the Paraguana Peninsula, in Falcón state, Venezuela. It is a natural bay, also has a fishing port and the bigger part of the Paraguana Refinery Complex ''(one of the largest oil refineries in the world - ...

bay. This is now a part of the

Paraguaná Refinery Complex The Paraguaná Refinery Complex ( es, Centro de Refinación de Paraguaná) is a crude oil refinery complex in Venezuela. It is considered the world's third largest refinery complex, just after Jamnagar Refinery (India) and (South Korea). The Pa ...

considered the world's third largest refinery complex, just after

Jamnagar Refinery The Jamnagar Refinery is the private sector crude oil refinery owned by Reliance Industries in Jamnagar, Gujarat, India. The refinery was commissioned on 14 July 1999 with an installed capacity of . Its current installed capacity is . It is cur ...

(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 filial part of

PDVSA Petróleos de Venezuela, S.A. (PDVSA, ) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production ...

, a Venezuelan government-owned operating company.

References

{{ExxonMobil Defunct oil companies of the United States American companies established in 1920 Defunct energy companies of Venezuela Standard Oil Oil and gas companies of Venezuela

See also

References