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Venezuela Refinery On Fire: Output Slashed

Venezuelan oil refinery had been set on fire, which caused production cut down

Venezuela Refinery On Fire: Output Slashed

Venezuelan oil refinery had been set on fire, which caused production cut down.

However, officials say that production is expected to resume within 48 hours.

The fire, at the Amuay refinery, did not affect its capacity, but temporarily forced it to reduce output from 410,000 barrels per day (bpd) to 150,000, manager Jesus Luongo said last night.

Amuay is part of the giant Paraguana complex and has a 635,000 bpd capacity.

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