HYDROCARBONS | Operated by Pdvsa
Curacao-based Isla refinery operates at one third of full capacity
To restart the unit, it was necessary to shut down other areas and direct the limited supply of industrial utilities -water, steam, and electricity- towards the fluid catalytic cracking unit
Isla's full capacity is 335,000 oil barrels per day (File photo)
Thursday November 15, 2012 03:08 PM
Curacao-based Isla oil refinery, operated by Venezuelan state-run oil company Pdvsa, has increased operations to one third of its full capacity after its fluid catalytic cracking unit (FCCU) was restarted, Ángelo Meier, the president of the company's labor union, told Reuters.
To restart the unit, it was necessary to close other areas and direct the limited supply of utilities -water, steam, and electricity- towards the fluid catalytic cracking unit (FCCU).
"The FCCU has restarted, but the refinery is working at one third of its full capacity while we seek a solution to the supply of utilities," the president of the company's labor union said.
Isla's full capacity is 335,000 oil barrels per day (bpd). The refinery has a vast storage capacity, but it has been running at low levels over the last few years due to limited supply of industrial services
Translated by Jhean Cabrera
Following a wave of nationalizations carried out by the late President Hugo Chavez between 2007 and 2012, Venezuela has become the second most frequent respondent to investment treaty arbitration in the world (38 cases in total), after Argentina.