Venezuela's Refineries Boost Processing to 35% of Capacity, Sources Say
02.20.2026 By Tank Terminals - NEWS

February 20, 2026 [Reuters]- Venezuela’s refining network is operating at about 35% of its installed capacity of 1.29 million barrels per day, workers at the facilities said on Thursday, above the 20% to 25% of last year but still a low volume to secure enough fuel to meet rising domestic demand.

 

The South American country’s refineries, operated by state energy company PDVSA, are frequently hit by power outages and malfunctions that limit fuel supply to vehicles, power plants and homes. Venezuela has been forced to ration gasoline, diesel and cooking gas in the past.

However, the Amuay, Cardon, El Palito and Puerto la Cruz refineries were jointly processing some 450,000 bpd of Venezuelan crude this week, according to the sources, who added that PDVSA is trying to keep key fuel-making plants in service.

At the country’s largest complex, the 955,000-bpd Paraguana Refining Center, total crude processing rose to 287,000 bpd at five of its nine distillation units after recovering from a power blackout earlier this month that took one of its refineries, Amuay, out of service. Its second refinery, Cardon, was restarting a key gasoline-making plant on Thursday, the workers said.

The 187,000-bpd Puerto la Cruz refinery was processing some 82,000 bpd of crude at two distillation units.

And at the 146,000-bpd El Palito, one distillation unit was running 80,000 bpd of crude, while its fluid catalytic cracker was processing 35,000 bpd, according to the sources.

The state company, whose oil outputĀ recoveredĀ to some 1 million bpd this month after most production cuts ordered during a U.S. blockade were reversed, has been changing the configuration of some of its crude upgraders at the country’s main oil region, the Orinoco Belt, to secure feedstock for its refineries.

Since January and under fresh U.S. licenses following the capture of President Nicolas Maduro, Venezuela is complementing domestic fuel output with imports of U.S. naphtha, both for diluting the Orinoco’s extra-heavy oil and for making high-octane gasoline.

 

TankTerminals.com is a market research platform with not only manager-level contact details but also logistical, operational, infrastructural and shipping data of more than +10,100 tank terminals and +6,200 production facilities worldwide.

 

Access data. Decide better. See how.

Glenfarne, BGN Sign HoA for LNG Supply from Texas LNG
07.06.2026 - NEWS
July 06, 2026 [Offshore Technology]- Glenfarne Global Commodities, the liquefied natural gas (LNG... Read More
UAE's ADNOC Launches Combined LNG Marketing and Trading Platform
07.06.2026 - NEWS
July 06, 2026 [Reuters]- UAE state oil giant ADNOC launched a new liquefied natural gas marketing... Read More
Oil and Gas Supply Chain Strategy: Why Energy Flows Are Now Strategic Infrastructure
07.06.2026 - NEWS
30 Jun 2026 [ Logisticsviewpoints ]- Oil and gas is commonly described in terms of commodities, ... Read More
Oil Markets Face a Billion-Barrel Restocking Problem After Hormuz Closure
07.06.2026 - NEWS
30 Jun 2026 [ StoneX Media ]- A deficit of roughly one billion barrels in global oil inventories... Read More