Reuters
Venezuela's refineries are operating at just 31% of their total crude processing capacity, according to industry workers, highlighting the persistent difficulties of the country's refining system. By Reuters Together, the refining network processes about 399,000 barrels per day (bpd), compared to an installed capacity of approximately [...]
TL;DR
- Venezuelan refineries are operating at only 31% of their total crude processing capacity.
- The refining network processes about 399,000 bpd, significantly below the installed capacity of 1.29 million bpd.
- Persistent issues include electrical failures, maintenance problems, and technical difficulties.
- Key refineries like Paraguaná, Puerto La Cruz, and El Palito are operating well below their potential.
- PDVSA has resorted to importing naphtha to improve gasoline production.
- Workers warn of a continued risk of fuel shortages and potential return of long queues at service stations.