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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 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.
  • 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.
  • What is Paraguana Refinery Complex?
  • The Paraguaná Refinery Complex (Spanish: Centro de Refinación de Paraguaná) is a crude oil refinery complex in Venezuela. It is considered the world's second largest refinery complex, just after Jamnagar Refinery (india). The Paraguaná Refinery Complex was created by the fusion of Amuay Refinery, Bajo Grande Refinery and Cardón Refinery.
  • 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.
  • Where does Venezuela export crude oil?
  • Most of the remaining crude oil was destined for india, China, and Europe. Venezuela has seven crude oil export loading points, in practice; however, most of its crude oil exports are routed through the Puerto Jose terminal, which is located offshore of the Jose industrial complex in northeastern Venezuela.