ANL 12.50 Decreased By ▼ -0.12 (-0.95%)
ASC 14.79 Increased By ▲ 0.14 (0.96%)
ASL 15.28 Decreased By ▼ -0.32 (-2.05%)
AVN 106.20 Increased By ▲ 1.95 (1.87%)
BOP 8.40 Decreased By ▼ -0.02 (-0.24%)
CNERGY 6.18 Decreased By ▼ -0.29 (-4.48%)
FFL 9.07 Decreased By ▼ -0.10 (-1.09%)
FNEL 8.50 Decreased By ▼ -0.45 (-5.03%)
GGGL 13.09 Decreased By ▼ -0.31 (-2.31%)
GGL 20.20 Decreased By ▼ -0.68 (-3.26%)
GTECH 9.35 Decreased By ▼ -0.35 (-3.61%)
HUMNL 6.77 Increased By ▲ 0.17 (2.58%)
KEL 3.10 Decreased By ▼ -0.06 (-1.9%)
KOSM 4.11 Decreased By ▼ -0.23 (-5.3%)
MLCF 33.35 Decreased By ▼ -0.30 (-0.89%)
PACE 4.15 Decreased By ▼ -0.05 (-1.19%)
PIBTL 7.17 Decreased By ▼ -0.07 (-0.97%)
PRL 14.09 Decreased By ▼ -0.25 (-1.74%)
PTC 8.58 Decreased By ▼ -0.10 (-1.15%)
SILK 1.29 Decreased By ▼ -0.05 (-3.73%)
SNGP 33.50 Decreased By ▼ -0.30 (-0.89%)
TELE 17.48 Decreased By ▼ -0.40 (-2.24%)
TPL 12.75 Decreased By ▼ -0.75 (-5.56%)
TPLP 27.60 Decreased By ▼ -0.42 (-1.5%)
TREET 38.87 Decreased By ▼ -0.82 (-2.07%)
TRG 80.75 Decreased By ▼ -2.55 (-3.06%)
UNITY 27.32 Decreased By ▼ -0.53 (-1.9%)
WAVES 14.94 Decreased By ▼ -0.11 (-0.73%)
WTL 2.15 Decreased By ▼ -0.07 (-3.15%)
YOUW 7.90 Decreased By ▼ -0.19 (-2.35%)
BR100 4,585 Decreased By -11.3 (-0.25%)
BR30 17,412 Decreased By -369.7 (-2.08%)
KSE100 44,924 Decreased By -94.4 (-0.21%)
KSE30 17,727 Decreased By -21 (-0.12%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,105
824hr
Pakistan Cases
1,374,800
7,19524hr
Sindh
526,899
Punjab
464,431
Balochistan
33,941
Islamabad
118,292
KPK
185,340
Business & Finance

Venezuela's PDVSA halts operations at 310,000 bpd Cardon refinery

  • Two of the people said the crude supply shortage arose due to problems at a pipeline supplying crude to the plant.
  • Workers as of Monday were attempting to restart one of the distillation units, three of the people said.
26 Jan, 2021

Venezuelan state oil company Petroleos de Venezuela has halted operations at its 310,000 barrel-per-day (bpd) Cardon refinery due to problems with crude supply, four people familiar with the matter said this week.

Two of the people said the crude supply shortage arose due to problems at a pipeline supplying crude to the plant.

Cardon was the only PDVSA refinery producing gasoline in the OPEC country, which has been suffering fuel shortages over the past year due to underinvestment and mismanagement at PDVSA's 1.3 million bpd refining network, and more recently US sanctions aimed at ousting President Nicolas Maduro.

The plant over the weekend halted output at its fluid catalytic cracking (FCC) and naphtha reformer units, and later halted its distillation unit, said one of the people, who spoke on the condition of anonymity. The units had been operating since November of last year after months of extensive repairs.

Workers as of Monday were attempting to restart one of the distillation units, three of the people said.

PDVSA did not immediately reply to a request for comment.

As of last week, Cardon's FCC and reformer units had been producing around 55,000 bpd of gasoline, according to union leader Ivan Freites.

A distillation unit at the neighboring 645,000 bpd Amuay refinery had been producing some naphtha to supply Cardon, while a distillation unit at the 187,000 bpd Puerto La Cruz refinery in eastern Venezuela was producing around 15,000 bpd of diesel in addition to naphtha being sent to Cardon.

Comments

Comments are closed.