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Venezuela’s Cardon Refiner Halts Production

OIL

Venezuela’s second largest refinery, Cardon, stopped production on Monday night because of a failure at a reformer, workers at the facility told Reuters.

  • The unit has a capacity to process 45kbpd and is expected to be offline for around 25 days. Its Fluidized Catalytic Cracking (FCC) unit remained operational. The unit has operated intermittently last year.
  • Last month, the FCC unit of the country’s largest refinery, Amuay, broke down and halted gasoline production.
  • Amuay and Cardon, make up the Paraguana Refining Center (CRP) with a combined crude processing capacity of 955kbpd.
  • Chevron resuming operations in Venezuela has lifted optimism about production increases from the country. Crude production averaged 712kbpd in December according to Gas Energy.
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