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: 30.04.2026 Expectation: 400 pips
Investing in Brent crude upon breaking above $101 per barrel
Today at 11:09 AM 1
Period: 24.04.2026 Expectation: 680 pips
USDCAD hits new three-week low amid weaker demand for dollar
Today at 10:28 AM 5
Period: 30.06.2026 Expectation: 5200 pips
Selling GBPUSD down to 1.30000
Today at 07:02 AM 13
Period: 24.04.2026 Expectation: 1050 pips
AUDCAD drops due to rising stagflation risks in Australia
Today at 06:56 AM 12
Period: 30.04.2026 Expectation: 1100 pips
Investing in USDJPY with 160.00 in view
Yesterday at 11:18 AM 40
Gold sell
Period: 23.04.2026 Expectation: 20000 pips
Selling gold with $4,630 in sight amid monthly highs and declining volatility
Yesterday at 10:28 AM 54
Go to forecasts