Venezuela’s largest
refineries were operating below half capacity this week, prompting state-run
oil company PDVSA to launch tenders for product imports amid the OPEC country’s
deteriorating infrastructure and ebbing crude production. The country’s massive 955,000-barrel-per-day Paraguana
Refining Center was operating at around 45 percent of capacity on Monday,
according to an internal PDVSA document seen by Reuters on Tuesday, a poor
showing that is likely to signal further need for product imports. More…
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