soybean oil refinery mill in venezuela

                                               
                                               
                                               
                                               
                                               
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  • Which refiners rely on Venezuela?
  • Other refiners such as Chalmette, Saint Charles, and Texas City are highly dependent on Venezuela for more than 60% of their total imports. The average crude quality imported by the refiners running Venezuelan crudes involves a 21.8 degree API and 2.7% sulphur spec crude. Replacing such barrels will be a tall task.
  • Is Venezuela's crude oil production on a downtrend?
  • Venezuelan crude oil production has been on a downtrend for years. This is true across all crude grades, but from a composition standpoint, the heavies and extra heavies now make up over 71% of total Venezuelan crudes compared to sub 60% in 2013. In other words, the type of barrel produced is heavier than in the past.
  • How will sanctions affect Venezuelan refinery production?
  • As such, Venezuelan refinery activity is operating at abysmal utilizations with volumes last year averaging some 640 kb/d, which compares to 1.1 mb/d back in 2016 and total nameplate capacity of 1.3 mb/d. Energy sector sanctions will likely accelerate what has been a years long slide in Venezuelan production.
  • Do Venezuelan refiners still take barrels?
  • Simply put, not only are there fewer counterparties taking Venezuelan barrels, but the refiners that continue to take barrels are typically buying at a smaller clip. The Venezuelans own CITGO Refining, which operates the Lake Charles and Corpus Christi refiners in the US Gulf and the Lemont refinery in the Midwest.
  • How will Venezuela's oil crisis affect oil production?
  • Amid the deteriorating political, humanitarian and economic situation unfolding in Venezuela, oil production has been drifting lower in recent years and output issues will likely accelerate. With yesterday¡¯s news of the US Treasury¡¯s Office of Foreign Assets Control (OFAC) placing sanctions
  • How much oil does Venezuela refine a day?
  • A paid subscription is required for full access. In 2021, Venezuela had a crude oil refining capacity of approximately 2.3 million barrels per day. Amuay was the largest refinery unit in the South American country, with a capacity of 645 thousand barrels per day. It was followed by Cardón, with a capacity of 310 thousand daily barrels.