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Venezuela bondholders inch toward showdown

Wednesday, February 1, 2017

Venezuela's Paraguana refineries at 42 pct of capacity -union official

Venezuela's Paraguana refining complex was operating at about 42 percent of capacity, a union official said late on Monday, citing an internal report that came amid chronic unit stoppages in the country's refining system. The 645,000-barrel-per-day Amuay refinery was operating at about 300,000 bpd, while the adjacent 310,000-bpd Cardon refinery was at around 100,000 bpd, according to Ivan Freites, a union leader and fierce critic of state oil company PDVSA . Caracas-based PDVSA did not immediately respond to a request for comment about the refineries. More… 

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