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PDVSA refineries In Venezuela, Curaçao ran at 31% capacity in 1Q

CARACAS, WILLEMSTAD – Venezuela’s oil refineries worked at 31 percent of their combined 1.62 million-barrel-per-day capacity in the first quarter, well below 2017 levels, according to an internal document from state-run firm PDVSA. PDVSA’s refining operations have been degraded in recent years due to lack of cash for spare parts and maintenance, and insufficient light […]