PDVSA At Full Capacity

PDVSA is expected at full capacity over the weekend, after it has successfully restarted its 77,000-b/d catalytic cracking unit at the Paraguan refining complex that was shut down on April 14, a spokesman for the company said Tuesday. "The unit has been restarted and we expect it to be back at full capacity over the weekend," the spokesman said. The cat cracker is part of the 350,000 b/d Cardon refinery, which together with the 600,000 b/d Amuay refinery forms the Paraguana refinery complex.

PDVSA refining operations had experienced serious problems over the past month due to labor problems that forced a shut down at most of the plants throughout the country. Venezuela is one of the top supplier of crude oil and refined products to the U.S. PDVSA's Paraguana refinig complex is the largest in the western hemisphere and has a capacity of 950,000 barrels per day.