PDVSA Refineries to Run at 43 pct Capacity in March

Posted by Joseph Keefe
Wednesday, February 28, 2018
Venezuelan PDVSA's refineries will operate at 43 percent of their total capacity in March due to a lack of spare parts, light crude and feedstock, according to an internal document from the state-run firm seen by Reuters on Wednesday.

The company's domestic refining network, which also includes a refinery in Curacao, plans to process 701,000 bpd of Venezuelan and imported crude next month, a slight increase versus an average of 660,000 bpd in March last year, but low compared to total installed capacity of 1.62 million bpd.

Reporting by Marianna Parraga 

Categories: Tankers Finance Fuels & Lubes Government Update

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