MNI BRIEF: BOC Governor Tiff Macklem Opening Statement

MNI BRIEF: Text of Bank of Canada Interest-Rate Decision

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PDVSA Restarted Unit at Cardon Refinery

REFINING

Venezuela's PDVSA has restarted the Cardon refinery’s catalytic cracker after being out of service for five weeks due to an outage and lack of feedstock, sources said.

  • As of Sunday, the Cardon refinery's FCC was processing 55kbpd, around 60% of its capacity, one of the sources said.
  • The FCC had been out of service since late July due to a minor fire and insufficient production of VGO to feed the unit. Days after Cardon's shutdown, the lack of VGO also forced PDVSA to halt a similar plant at the neighboring Amuay refinery, which remains out of service.
  • Cardon had two crude distillations units in service on Monday, processing around 100kbpd compared with a capacity of 310kbpd. The Amuay refinery, the country's largest, was processing 135kbpd of crude, versus an installed capacity of 645kbpd, the sources added.
  • PDVSA's gasoline-making units have been working intermittently in recent years as delayed maintenance and lack of capital for repairs cause frequent problems.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.