The Paraguaná Refinery Complex (: Centro de Refinación de Paraguaná) is a crude complex in . It is considered the world's second largest refinery complex, just after (India). The Paraguaná Refinery Complex was created by the fusion of Amuay Refinery, Bajo Grande Refinery and . The Paraguana Refinery Comple.
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How many b/d does Venezuela refine?
According to IPD Latin America estimates, Venezuela's refinery throughput has been less than 300,000 b/d, or roughly one-fifth of its nameplate capacity.17 Venezuela has worked with Iran to supply fuel as well as refining materials, spare parts, and technicians to restart the refineries.
How much oil does Venezuela produce in 2023?
Despite the sizeable reserves, Venezuela produced 0.8% of total global crude oil in 2023. Most of Venezuela's proven oil reserves are extra-heavy crude oil from the Orinoco Belt.
Will Chevron be able to produce crude oil in Venezuela?
Much of Venezuela's crude oil production capacity and infrastructure have suffered from a decade-long lack of capital and regular maintenance. Chevron's earlier exemption increased its production to 135,000 barrels per day (b/d) in 2023, and we expect Chevron's output in Venezuela to reach 200,000 b/d by the end of 2024.
How many refineries are in Venezuela?
Of Venezuela's six refineries, only five remain operational, all running at no more than 20% of total capacity. The country's aging refining system, plagued by frequent shutdowns and low output, has deteriorated after years of underinvestment, poor management and international sanctions that have limited access to spare parts.
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