Just in:  

You are here: Home»World»Business & Economy»Venezuelan imports of US fuel double in Sept: EIA

Venezuelan imports of US fuel double in Sept: EIA

velargeCARACAS: Venezuela's imports of US oil products more than doubled in September as the OPEC nation struggled to produce them locally after an explosion and fire at its biggest refinery, the US Energy Information Administration (EIA) said on Friday.


Data released by the EIA showed Venezuela imported 196,000 barrels per day (bpd) of processed fuels during September, up from 83,000 bpd in August and the highest level recorded since 2004 when the EIA began keeping records.


That brought the overall average level of US fuel imports by Venezuela for the first nine months of the year up to 70,000 bpd, up from an average of 31,000 bpd for the whole of 2011.


The disaster in late August at the South American country's giant Amuay refinery was one of the global oil industry's most deadly accidents in recent years, killing more than 40 people and wrecking hundreds of nearby homes.


But it was just one of several, unplanned maintenance stoppages and smaller incidents that have beset state oil company PDVSA's refinery network in recent years.


PDVSA workers calculate Venezuela's refineries are operating at 64 percent of their 1.3 million bpd capacity, compared with an average of 80 percent of capacity over the last two decades.


Some of Venezuela's imports from the United States are normally liquefied petroleum gas and naphtha, which are used to dilute the country's extra heavy tar-like crudes.


But September's figures showed an increase in the proportion of imports that were finished fuels, such a gasoline and diesel, in a sign that PDVSA's local production capacity was hit hard by the Amuay disaster.


Earlier this month, Oil Minister Rafael Ramirez told Reuters that the refinery should be operating normally at about 500,000 bpd by the end of the year, once PDVSA finishes repairing a distillation unit that was damaged in the blast.


Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 17,888.35 0.95
Arrow Nasdaq 5,156.31 0.93
Arrow S&P 2,102.63 1.07
Arrow FTSE 6,395.65 0.62
Arrow DAX 11,261.24 1.06
Arrow CAC-40 4,914.53 0.87
Arrow Nikkei 20,012.40 1.34
Arrow H.Seng 22,381.35 1.75
Arrow Sensex 26,169.41 0.09

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln