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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.
  • 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.
  • 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.
  • 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.