products of crude oil refining with isoce in venezuela

                                               
                                               
                                               
                                               
                                               
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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.
  • Will PDVSA reanimate Venezuela's motor fuel production?
  • (Reuters, 8.Jul.2021) ¡ª 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.
  • Which refiners rely on Venezuela?
  • Other refiners such as Chalmette, Saint Charles, and Texas City are highly dependent on Venezuela for more than 60% of their total imports. The average crude quality imported by the refiners running Venezuelan crudes involves a 21.8 degree API and 2.7% sulphur spec crude. Replacing such barrels will be a tall task.
  • Why are Venezuela's oil exports so volatile?
  • Under U.S. sanctions since 2019, Venezuela's exports of crude and refined products have been highly volatile. Lack of investment and frequent fires and outages at the South American country's aging oil infrastructure put a ceiling on production and sales.
  • Will Chevron be able to produce crude oil in Venezuela?
  • Much of Venezuela's crude oil production capacity and infrastructure have suffered from a decade-long lack of capital and regular maintenance. Chevron's earlier exemption increased its production to 135,000 barrels per day (b/d) in 2023, and we expect Chevron's output in Venezuela to reach 200,000 b/d by the end of 2024.
  • Is Venezuela's crude oil production on a downtrend?
  • Venezuelan crude oil production has been on a downtrend for years. This is true across all crude grades, but from a composition standpoint, the heavies and extra heavies now make up over 71% of total Venezuelan crudes compared to sub 60% in 2013. In other words, the type of barrel produced is heavier than in the past.