The 335,000-barrel-per-day Isla refinery operated by Venezuela’s state-run PDVSA in Curacao is working at minimum capacity while awaiting new crude shipments and as a tanker backlog in the country’s ports began to ease, four sources close to the facility told Reuters. PDVSA’s operations this year have been mired by problems ranging from fast-declining crude production and poor refining due to a lack of equipment, to obstacles for exporting oil amid port congestion and financial sanctions. Only a few units at the Curacao refinery have been operating during U.S. producer ConocoPhillips’ moves to seize PDVSA’s inventories, cargoes and facilities following a $2 billion arbitration award by the International Chamber of Commerce in April.
WORLD SHIPPING
20 June 2018 - 12:42
Curacao refinery runs slow as PDVSA port backlog starts to ease
The 335,000-barrel-per-day Isla refinery operated by Venezuela’s state-run PDVSA in Curacao is working at minimum capacity while awaiting new crude shipments and as a tanker backlog in the country’s ports began to ease, four sources close to the facility told Reuters
WORLD SHIPPING
20 June 2018 - 12:42
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