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Venezuela’s Main Refineries Operating At Record Lows

Oil

Three of Venezuela’s four refineries are working at record lows amid issues including malfunctioning equipment and a lack of crude and spare parts, Reuters reports. The Paraguana complex which includes the Cardon and Amuay refineries was processing around 409K b/d or 43% of its 955K b/d capacity, while the 187K b/d Puerto La Cruz facility (Venezuela’s third largest refinery) was operating at minimum levels due to problems at two of its three distillation units.