(Energy Analytics Institute, 12.Oct.2020) — The recent arrival of three Iranian tankers to Venezuela carrying around 750,000 bbls of gasoline is only sufficient to last the South American country about two months.
Venezuela should at a minimum produce sufficient fuel to cover domestic demand, Eudis Girot, Executive Director with the Unitary Federation of Petroleum Workers of Venezuela (FUTPV by its Spanish acronym), said 12 October 2020 during an Instagram live with El Carabobeño newspaper.
However, state oil company Petróleos de Venezuela (PDVSA) continues to confront issues at its six refineries, which have a combined processing capacity of 1.3 million barrels per day. Of the six refineries, only the Cardon refinery is producing fuel and just around 20,000 b/d of gasoline.
“Arrival of the Iranian gasoline supplies could allow PDVSA to build a small inventory of gasoline,” Girot said, adding that ongoing restart activities continue at the Amuay and Cardon refineries.
By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.