Refinery – Summaries of news and views OnVenezuela

Citgo expects refinery utilization rate to keep rising in 2nd qtr -CEO

See Post — Thu, 10 Jun 2021 11:32:10 +0000

U.S. refining company Citgo Petroleum Corp (PDVSAC.UL) expects to continue increasing its refinery utilization rates after weather events hit its facilities last year and in the first quarter, Chief Executive Carlos Jorda said on Wednesday. The company’s utilization rate rose in March for an average of 83% in the first three months of the year, when a cold snap that severely affected refiners in the U.S. Gulf Coast contributed to Citgo’s net loss of $180 million. Full Text -> Reuters

Venezuela’s PDVSA halts gasoline output at El Palito refinery: sources

See Post — Wed, 02 Dec 2020 14:52:36 +0000

Output was halted on Monday due to an issue with a valve that caused a fire, said one of the people, who spoke on the condition of anonymity. PDVSA, which has struggled to produce fuel after years of underinvestment at its refineries, restarted gasoline output at the plant late last month. By Luc Cohen Full Text-> Reuters

Venezuelan PDVSA resumes gasoline production at FCC unit of Cardón refinery: sources

See Post — Tue, 10 Nov 2020 14:34:50 +0000

The plant was shut down in late October due to a problem with one of its valves. It is now producing between 25,000 and 30,000 barrels a day of gasoline, said trade unionist Iván Freites and another person, who spoke on condition of anonymity. Full Text -> Explica

Bonaire orders Venezuela’s PDVSA to remove oil from storage tanks

See Post — Fri, 28 Aug 2020 12:33:40 +0000

The government of Caribbean island Bonaire has ordered Venezuelan state oil company Petroleos de Venezuela to move oil stored in its 10 million-barrel BOPEC oil terminal on the island to safer tanks due to environmental risks. By Luc Cohen. Full Text-> Reuters

Curacao fuel oil sale touches Venezuela sanctions nerve

See Post — Wed, 19 Aug 2020 13:07:44 +0000

A fuel oil cargo stuck off of the Dutch Caribbean island of Curacao is about to be released to an unnamed buyer in a closely monitored transaction that highlights maritime sensitivity to US sanctions on Venezuela. By Patricia Garip. Full Text-> ArgusMedia

PdV refinery restart sputters, imports on horizon

See Post — Thu, 16 Apr 2020 04:01:16 +0000

Venezuelan state-owned PdV’s failed effort to restart its 140,000 b/d El Palito refinery is aggravating a fuel deficit that is sparking sporadic protests by frustrated drivers even as the Covid-19 pandemic starts to spread. Full text -> Argus

Venezuela’s PDVSA aims to restart gasoline production at refinery -sources

See Post — Thu, 26 Mar 2020 14:48:04 +0000

Venezuelan state oil company Petroleos de Venezuela is trying to repair the catalytic cracker at its 146,000-barrel-per-day (bpd) El Palito refinery in an effort to restart gasoline production at the facility after years of inactivity, three people familiar with the matter said on Wednesday. Full text-> Regina Leader-Post