Thursday, December 8, 2016

Venezuela’s PDVSA seeks fuel imports as refineries struggle

 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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