Venezuelan PDVSA stops gasoline production at El Palito refinery
PDVSA is a Venezuelan state company.
Venezuelan state oil company PDVSA halted gasoline production at the 146,000 barrels per day (bpd) El Palito refinery just days after resuming operations, three people familiar with the matter said on Friday.
The stoppage at the refinery, on the Venezuelan central coast, occurs when long lines of vehicles are registered at service stations, waiting to load fuel in the once prosperous OPEC nation; experiencing a chronic acute gasoline shortage. Residents on the outskirts of the capital Caracas blocked roads this week to protest the shortage.
PDVSA’s refining network, with a capacity of 1.3 million bpd, is almost collapsed after years of divestment, while US sanctions against the government of Nicolás Maduro and PDVSA have complicated fuel imports this year.
PDVSA did not immediately respond to a request for comment. The only plant currently producing gasoline is the 310,000 bpd Cardón refinery located in northwestern Venezuela.
It is located near the coast of Tabasco, in the Gulf of Mexico and at relatively low depth, and according Read more
Russian Prime Minister Dmitri Medvedev said his country will help Cuba receive oil and its derivatives, following restrictions imposed on Read more
Neste MY Renewable Diesel™, a low-carbon biofuel, to help our customers reduce their carbon footprint. Neste MY Renewable Diesel, produced Read more
Natural gas at balance price by fracking natural gas. The Appalachian region in the US has become El Dorado of Read more
The oil war of Saudi Arabia and Russia. Saudi Arabia has unleashed the chaos strategy in the oil market to Read more
Australian project to inject synthetic methane. The Australian Government supports a project to produce renewable synthetic methane hydrogen and inject Read more
Hurricane Sally and strong China data boost oil prices. Oil prices regain momentum on Tuesday, after strong data from China's Read more
We all know that there is enough oil in the world, the problem is in the demand and how it Read more
Libya’s ramped-up oil output throws another wrench at prices and OPEC’s plans OPEC oil production rose for a fifth month in November, according Read more
This year was like no other for oil prices Even as global prices end the year at about $51 a Read more