Venezuela's oil refining slips 0.8% in 2012

Jan 07, 2013 12:00 AM

Problems and operative failures in different refineries, including the explosion reported in Amuay refinery, northwestern Falcón state, in August 2012, are accountable for the setback (0.8%) recorded in the refining operations of state-run oil company Pdvsa in 2012.

According to the Central Bank of Venezuela (BCV), refining dropped 0.8% due to the accident reported in Amuay refinery, whose capacity accounts for 49.5% of the country's total refining capacity.

The BCV stated that the explosion in Amuay "led to the temporary suspension of the operations and an inter-annual drop of 2.9% of the value added of this activity throughout the third quarter."

Two months after the explosion, the refinery was processing only 330,000 barrels per day out of its full capacity (645,000).

Although major damage was not reported in processing units in the wake of the explosion, authorities admitted later that repairs in some plants were necessary.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« April 2017 »
April
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events