Venezuela refinery network operating at roughly a third: sources

Oil-rich Venezuela's refinery network was operating at about a third of capacity, according to union sources and workers, as state oil company PDVSA [PDVSA.UL] struggles with equipment issues after years of underinvestment. Venezuela's biggest refinery, 645,000-barrel-per-day Amuay refinery, was operating at only 260,000 bpd with two of its five crude distillation units out of service, union leader Ivan Freites told Reuters, citing an internal report. Its flexicoker remains down, Freites added. A worker, who asked to remain anonymous because he is not authorized to speak to media, confirmed the situation. More…