Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Venezuela's PDVSA controls fire at small refinery, restarts other plants from outage

Published 10/27/2022, 02:39 PM
Updated 10/27/2022, 02:40 PM
© Reuters. FILE PHOTO: A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. REUTERS/Ivan Alvarado/File Photo

(Reuters) - A fire caused by a thunderstorm at Venezuela's smallest refinery has been brought under control, a Venezuelan minister said, as the country's largest refining facilities restart following a power outage last week, according to sources.

The incident at state oil company PDVSA's 146,000-barrel-per-day El Palito refinery occurred on Wednesday when a fuel tank was struck by lightning, Interior Minister Remigio Ceballos said in a state TV broadcast late that day, without providing further details.

"It has already been dealt with by firefighters and has been brought under control without further incident. Cool-down efforts are being carried out at the moment," Ceballos said.

PDVSA, which operates Venezuela's entire refining system, did not immediately reply to a request for comment.

Power outages, blackouts and equipment malfunctioning are very common in the South American country, whose aging refining network urgently requires repairs and equipment replacements.

A fire at a vacuum tower and a power blackout last week completely halted Venezuela's 955,000-barrel-per-day Paraguana Refining Center on the country's western coast, which ties together the Amuay and Cardon refineries.

As of Thursday, two of Cardon's four crude distillations units were back in service and workers were trying to resume operations at the naphtha reformer after the blackout, three sources from the complex said.

At the neighboring Amuay refinery, only one of its five distillation plants and the catalytic cracker - key for making gasoline - were working, two separate sources said. The next plant to be restored to service is the second distillation unit.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

A previous fire also caused by lightning hit the 187,000-bpd Puerto La Cruz refinery on Venezuela's eastern coast and at a nearby fuel terminal in September.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.