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: 28.10.2026 Expectation: 1500 pips
Invest in NVIDIA stock with $243 in view
Today at 10:06 AM 7
Period: 22.10.2026 Expectation: 900 pips
EURUSD sell-off comes into play as US inflation runs hot
Today at 09:01 AM 11
Period: 14.11.2026 Expectation: 3000 pips
Buying USDCAD amid Canada’s weak economic performance
Today at 06:38 AM 13
Period: 13.11.2026 Expectation: 3100 pips
Go short on Bitcoin down to $80,500
Yesterday at 08:55 AM 19
Gold buy
Period: 30.11.2026 Expectation: 10000 pips
Invest in gold from $4,150 per ounce
Yesterday at 07:51 AM 21
Period: 13.11.2026 Expectation: 1400 pips
Buy AUDUSD with 0.71000 in sight
Yesterday at 07:19 AM 35
Go to forecasts