Venezuela's Paraguaná refining complex operates well below capacity after decades of decline
Venezuela’s Paraguaná Refining Center is operating far below its 955,000 barrel-per-day capacity following decades of infrastructure decay and neglect.
Venezuela’s Paraguaná Refining Center in Falcón state is currently operating at a small fraction of its total processing capacity of 955,000 barrels per day. Once a central symbol of the nation's immense crude oil wealth and export ambitions, the massive industrial facility has suffered from long-term operational decay and neglect.
Reports indicate that the degradation of the refining hub significantly predates the strong earthquakes that recently struck Venezuela, confirming that the facility's reduced output is entirely unrelated to the seismic events. Long-term structural decline, chronic underinvestment, and maintenance issues continue to severely restrict operations at the complex, leaving its long-term recovery uncertain.
Sources: Vijesti.