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  • Does Venezuela have oil refining?
  • A paid subscription is required for full access. Venezuela's oil refining capacity has remained stable in the past decade, at 1.3 million barrels per day. Since 1990, the country's capacity increased by approximately 10 percent. Presently Amuay, a part of the Paraguaná Refinery Complex, was the largest refining unit in Venezuela, based on capacity.
  • Which are the major refineries in Venezuela?
  • Venezuela's major refineries include the Paraguana Refining Center (nameplate capacity 955,000 b/d), Puerto de la Cruz (nameplate capacity 195,000 b/d), El Palito (nameplate capacity 140,000 b/d), and San Roque (nameplate capacity 5,800 b/d). PdVSA also owns the Bajo Grande refinery (nameplate capacity 16,000 b/d), but this facility was shut down in August 2016.
  • What is the largest refining unit in Venezuela?
  • Since 1990, the country's capacity increased by approximately 10 percent. Presently Amuay, a part of the Paraguaná Refinery Complex, was the largest refining unit in Venezuela, based on capacity. Get notified via email when this statistic is updated.
  • Where are PDVSA refineries located?
  • The Cardon and the Amuay refineries are located near Punto Fijo in the Paraguana peninsula, in the Falcon state in north-west Venezuela, while the Bajo Grande refinery is situated in the western coast of Lake Maracaibo in the Zuila state, Venezuela. PDVSA was founded with the nationalisation of Venezuela’s oil industry in 1976.
  • Is Venezuela a Titan in the global oil industry?
  • Venezuela had everything to be a titan in the global oil industry. One of the founding members of the Organization of the Petroleum Exporting Countries (OPEC), the South American nation holds the largest crude oil reserves in the world, amounting to more than 300 billion barrels.
  • Why is the Venezuelan oil industry on the brink of collapse?
  • Despite its advantageous resources, a combination of mismanagement, production crises, insufficient financial assets, and economic sanctions have put the Venezuelan oil industry – along with the national economy – on the brink of collapse.