Big Venezuela refinery crippled by parts shortage

Years of shoddy maintenance and mounting shortages of spare parts have left Venezuela’s second-largest oil refinery barely capable of functioning, three sources at the refinery told Reuters. State oil company PDVSA’s 300,000 barrels per day Cardon refinery is currently operating at minimal rates because four of its six steam boilers are out of service, leaving the facility without enough steam to keep units functioning, the three sources said. Full Story

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