Caracas, Venezuela — PDVSA has shut down its last two operating refineries in Venezuela, closing its Amuay and Cardon facilities at the Paraguana Refining Center (CRP), the largest refining complex in the country, according to a technical report seen Monday by S&P Global Platts.

Due to multiple failures and a lack of crude to process, the 645,000 b/d Amuay refinery was completely shut down Monday, with its five distillers out of service, and the 310,000 b/d Cardon refinery was shut Saturday for maintenance work on the Number 1 distiller, which had been operating at 50,000 b/d.

A refinery operator at Amuay, who spoke to Platts on condition of anonymity, said it will take “maybe two or three more days” to restart Amuay and “a few weeks” for Cardon to be up and running because of the distiller repairs.

Amuay’s 108,000 b/d catalytic cracking unit has been shut since December, the plant’s 72,000 b/d flexicoker has been shut since March 2016, and the 34,000 b/d delayed coking unit remains shut for repairs.

Amuay has not run at maximum capacity since August 2012, when an explosion killed 42 people and injured 80.

The 16,000 b/d Bajo Grande asphalt plant, also part of the CRP, was already shut.

PDVSA operates two other refineries, the 187,000 b/d Puerto La Cruz and the 140,000 b/d El Palito, which were already shut down due to deterioration of units, lack of light crude to process and failures in the supply of electricity.

Image result for venezuela oil refineries closed
Venezuelan oil refinery catches fire and kills 39 people.

January 28 marks the one-year anniversary of sanctions imposed by the US Department of Treasury on Venezuela’s state-run oil producer, PDVSA, which has been translated as a de facto ban on Venezuelan crude exports to the US market.

Since then, PDVSA has seen a deterioration of its oil industry and has struggled to sell its crude barrels in international markets. In contrast, other Latin American crudes competing for business in the US Gulf Coast not only have been favored with increasing demand in that region, but also in Asia.

Francisco Monaldi, fellow in Latin American energy policy at the Baker Institute for Public Policy at Rice University, and Maria Eugenia Garcia, Latin American crude senior editor with S&P Global Platts Platts, discuss the impact of the sanctions on the international crude market.

As President Trump has famously said, “America will NEVER be a socialist country.” I’m sure just 15 years ago many in Venezuela thought the same thing as they were one of the most successful economies in the world. NO MORE. It only took a handful of years under a socialist president to completely destroy their economy. If Bernie Sanders or Elizabeth Warren were elected, the U.S. economy would completely collapse in to the worst recession this country has ever seen overnight. It would take the world economy down with it as the U.S. is the major driver of the world’s economy. It’s very important to re-elect President Trump whether you like his personality or not. It’s also important to elect pro MAGA young candidates that will be the future of this country. Below is a video of a oung Jewish journalist running for Congress in President Trump’s home district. She’s built her reputation exposing Marxists, jihadists, and corrupt politicians. Video below.

To fight this scourge of emerging communists in this country, we need to elect MAGA capitalists to support President Trump. There’s a Jewish investigative journalist, Laura Loomer, who is running in President Trump’s home district who has the balls to take AOC and The Squad on. She’s got a track record of doing it as a journalist and because she was soeffective the leftist media and Big Tech have silenced her by deplatforming her. BUT she’s fighting back and running for Congress. She’s been endorsed by Judge Jeanine, Michelle Malkin, Brandon Straka, Roger Stone, and the Limbaugh team.  Because she’s been deplatformed and breaking election rules, BIG TECH has refused to allow her back on, so she’s suing them but there’s no clue as to when or if this will be resolved before the election, so I’m helping to get information about her out there. On 12/28/19, President Trump retweeted a tweet of mine on illegal immigration and in support of Laura Loomer’s congressional run. Because she will be a national voice capable of Taking on AOC and The Squad, she’s a candidate drawing support from all 50 states. Please support her with whatever you can afford. Small donations add up.

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