commercial use oil mill capacity in venezuela

   
commercial use oil mill capacity in venezuela
                                               
                                               
                                               
                                               
  • commercial use oil mill capacity in venezuela
How much oil does Venezuela refine a day?

A paid subscription is required for full access. In 2021, Venezuela had a crude oil refining capacity of approximately 2.3 million barrels per day. Amuay was the largest refinery unit in the South American country, with a capacity of 645 thousand barrels per day. It was followed by Cardón, with a capacity of 310 thousand daily barrels.

How many oil pipelines are there in Venezuela?

As of 2023, Venezuela had 25 operational pipelines with a total capacity of 8,969,985 barrels of oil equivalent per day and a total length of 2,139 miles (Table 3). Venezuela relies on an aging pipeline network to transport oil from wells to refineries, with many pipelines estimated to be more than 50 years old.

Will Chevron be able to produce crude oil in Venezuela?

Much of Venezuela's crude oil production capacity and infrastructure have suffered from a decade-long lack of capital and regular maintenance. Chevron's earlier exemption increased its production to 135,000 barrels per day (b/d) in 2023, and we expect Chevron's output in Venezuela to reach 200,000 b/d by the end of 2024.

How much will a large-scale oil project cost in Venezuela?

Ultimately, any large-scale increase in production potential will have to come with multibillion dollar investments, of the order of $5.7 billion for a typical project of 100,000 b/d of syncrude backed by 120,000 b/d of crude oil production. Venezuela has been a major oil producing country since the 1920s.