Amuay Explosion in 2012 Cost PDVSA $1.8 Bln

Instant Max AI

(Energy Analytics Institute, Ian Silverman, 13.Aug.2013) – The Energy Orientation Center (COENER) announced the Amuay refinery explosion will cost PDVSA $1.8 billion.

The explosion at the Amuay refinery was caused by a gas leak at Block B23 and occurred at 1:10am on 25.Aug.2012 and was the largest tragedy to-date to affect Venezuela’s national refining circuit, COENER says. As a result of the explosion, 42 people died, 5 are still listed as missing and 150plus received seriously injuries.

The full COENER report includes approximately 500 pages and analyzes the accident, potential causes, and economic and environmental impacts for PDVSA and Venezuela.

The 645,000 b/d capacity Amuay refinery, 310,000 b/d capacity Cardon refinery and 16,000 b/d capacity Bajo Grande refinery make up the 971,000 b/d capacity Paraguana Refining Complex (CRP by its Spanish acronym), which is located in Venezuela’s western state of Falcon.

The COENER report said that PDVSA’s insurance company revealed approximately 100 fires at the CRP in 2011, of which the majority is yet to been investigated.

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