Home / Business and Economy / Venezuela Refineries Surge to 35% Capacity Amid Fuel Demand
Venezuela Refineries Surge to 35% Capacity Amid Fuel Demand
20 Feb
Summary
- Venezuelan refineries now operate at 35% capacity, up from last year.
- Paraguana Refining Center processes 287,000 bpd at five units.
- Venezuela imports U.S. naphtha to supplement domestic fuel production.
Venezuela's refining network is currently operating at about 35% of its 1.29 million barrels per day installed capacity. This represents an improvement from last year's 20%-25% operation, yet it remains a low volume for meeting domestic fuel consumption.
The state energy company, PDVSA, is working to maintain its key fuel-making plants. The Paraguana Refining Center, the nation's largest complex, is processing 287,000 bpd across five distillation units, recovering from a recent power blackout.
