What happened at Venezuela’s largest oil refining center?
Written by Deisy Buitrago and Mircely Guanipa for Reuters -> CARACAS, March 15 (Reuters) – Power was re-established at Venezuela’s largest oil refining center, the 955,000-barrel-per-day Paraguana Refinery Complex, following a blackout that left the facility’s twin refineries out of service earlier this week, workers said on Friday.
What is the largest refinery in Venezuela?
The Amuay refinery is the largest refinery in Venezuela with an installed capacity of 645,000bpd. The processing facilities at the refinery include five primary distillation units, a 100,000bpd catalytic cracking unit, a flexicoking unit, and a delayed coking unit. The Cardon and Amuay refineries are connected by multiple pipelines.
Where does Venezuela’s oil come from?
Most of Venezuela’s proven oil reserves are extra-heavy crude oil from the Orinoco Belt. The extraction of extra-heavy crude oil requires a higher level of technical expertise, which international oil companies possess but their involvement has been limited by international sanctions.
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.
Will Chevron be able to produce crude oil in Venezuela?
Much of Venezuela’s crude oil production capacity and infrastructure have suffered from a decade-long lack of capital and regular maintenance. Chevron’s earlier exemption increased its production to 135,000 barrels per day (b/d) in 2023, and we expect Chevron’s output in Venezuela to reach 200,000 b/d by the end of 2024.
How much oil does Venezuela produce in 2023?
Despite the sizeable reserves, Venezuela produced 0.8% of total global crude oil in 2023. Most of Venezuela’s proven oil reserves are extra-heavy crude oil from the Orinoco Belt.