PDVSA Cardon Refinery Back Online After Power Outage

Petroleos de Venezuela SA’s 310,000- barrel-a-day Cardon refinery is operating at full capacity after an electrical storm last week, according to a company official.

The plant, part of the world’s largest refining complex known as Centro Refinacion Paraguana in Falcon state, was knocked offline on Nov. 29 after rains and an electrical storm that also affected four units at the adjacent Amuay refinery.

The plant reached full capacity early this afternoon, said the official, who declined to be named under company policy.

Venezuela, the largest oil producer in South America, has received torrential rains in the past two weeks that killed at least 32 people in flooding and mudslides. President Hugo Chavez decreed a state of emergency in the capital Caracas and seven states, including Falcon, where Paraguana is located.

PDVSA said there was “sufficient” inventory for its domestic and international contracts during the outages.

Venezuela’s net oil and refined-product exports fell 3.8 percent in October from a year earlier, according to shipping records from inspectorate Venezuela SCS, a contractor to Venezuela’s Energy and Petroleum Ministry.

To contact the reporter on this story: Corina Rodriguez Pons in Caracas at crpons@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net

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