25 January 2023 | Other

Production in second-largest refinery in Venezuela is suspended

A failure occurred at the Cardon plant in Venezuela. The accident took place at a crucial gasoline production unit. Due to this, the unit won’t operate for nearly 25 days, as four employees of the enterprise said on Tuesday. 

This unit was able to refine 45,000 bpd. Last year, it operated with halts.    

State-owned oil company PDVSA from Venezuela didn’t agree to explain the situation at the plant right away, which is the second-biggest in Venezuela after the Amuay plant.

Cardon belongs to the Paraguaná Refinery Complex together with Amuay. It can refine 310,000 bpd.

Recently, PDVSA strived to raise production. However, it didn’t succeed to satisfy the demand, and people had to wait in line for gasoline for a very long time. This is especially true for Venezuelans living outside the capital Caracas.

Company MarketCheese
Period: 03.03.2026 Expectation: 4000 pips
BTCUSD extends losses on fresh US trade restrictions
Today at 10:36 AM 24
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 01.03.2026 Expectation: 300 pips
Investing in Brent crude as it breaks through resistance
Today at 09:06 AM 21
Period: 03.03.2026 Expectation: 950 pips
AUDUSD is trading in flat as markets digest tariff uncertainty
Today at 07:56 AM 15
Period: 31.03.2026 Expectation: 400 pips
Selling GBPUSD on expectations of BoE rate cut
Today at 07:02 AM 11
Period: 01.03.2026 Expectation: 7500 pips
Investing in silver with $86 in sight
20 February 2026 85
Brent sell
Period: 28.02.2026 Expectation: 90 pips
Brent crude selloff with $71.30 target
20 February 2026 74
Go to forecasts