Iran sends second cargo of refinery materials to Venezuela
Iran has sent a second cargo of refinery materials to Venezuela to help the country resume operation at the 955,000 barrel-per-day (bpd) Paraguana Refining Complex (CRP) in western Venezuela, Reuters reported, quoting people familiar with the matter.
Iran had previously sent more than a dozen cargoes of catalysts to the country to help restart its 310,000 bpd Cardon refinery and alleviate acute gasoline shortages in the OPEC nation.
As reported, the first cargo of Iranian catalysts has arrived in Venezuela on February 11 by an Airbus plane belonging to Venezuelan state-run airline Conviasa.
According to the Reuters sources, more than a dozen further similar flights are expected to arrive in the country.
Currently, Cardon is the only one of Venezuela’s refineries producing gasoline, with its naphtha reformer and catalytic cracking units producing around 60,000 bpd, one of the people said. The nearby 645,000 bpd Amuay refinery is producing naphtha to serve as a feedstock for Cardon’s gasoline units.
The catalysts are expected to help restart gasoline production at Amuay, whose catalytic cracker has been offline since late 2019, in anticipation of planned maintenance at Cardon, the sources said.
As reported, the Islamic Republic has also shipped three vessels carrying fuel to the South American country.
The cooperation between the two OPEC members is significant since both nations are facing unjust U.S. sanctions.
Venezuela is suffering from an acute shortage of motor fuel due to the near-total collapse of its 1.3-million-barrels-per-day refining network after years of underinvestment and lack of maintenance, as well as the U.S. sanctions that have complicated crude-for-gasoline swaps.
The United States sanctioned state oil company Petroleos de Venezuela in January 2019, while the White House has also imposed heavy sanctions on the Iranian oil industry.
source: TehranTimes
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
