The effort by state oil firm Petroleos de Venezuela (PDVSA) and the state-owned National Iranian Oil Refining and Distribution Company (NIORDC) to boost fuel output at the Paraguana Refining Center marks a step toward ending Venezuela’s reliance on U.S. refinery technology, the sources said.
Will Iran repair Venezuela’s refinery?
Beginning in 2020 Iran began assisting Venezuela with maintenance and repair of refining facilities. As of 2022 Iranian state firms were negotiating to repair Venezuela’s largest refinery complex, the Paraguaná Refinery Complex which has a capacity of 955,000 barrels per day. Shortages leave shelves empty in this Venezuelan store.
What’s going on with Venezuela’s largest refining complex?
REUTERS/Jorge Silva/ Acquire Licensing Rights PUNTO FIJO, Venezuela, Feb 6 (Reuters) – State firms from Iran and Venezuela will start in the coming weeks a 100-day revamp of the South American nation’s largest refining complex to restore its crude distillation capacity, four sources close to the plan said.
When did Venezuela start refining oil?
By the end of 1917, the first refining operations began at the San Lorenzo refinery to process the Mene Grande field production, and the first significant exports of Venezuelan oil by Caribbean Petroleum left from the San Lorenzo terminal.
Will PDVSA reanimate Venezuela’s motor fuel production?
(Reuters, 8.Jul.2021) — Venezuela’s state-run oil company PDVSA has started producing two upgraded crude grades for domestic refining, aiming at reanimating the country’s much-needed output of motor fuels, according to a company document and sources close the decision.
How many refineries are in Paraguana?
Image courtesy of PDVSA. The Paraguana refining centre, also known as the Centro de Refinación Paraguaná (CRP) in Venezuela is one of the biggest refinery complexes in the world. It comprises three refineries, including the Cardon and the Amuay refineries in the Paraguana peninsula, and the Bajo Grande refinery in the Zulia state of Venezuela.