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Venezuela PDVSA restarts gasoline output at Cardon refinery

October 27/2020

MOSCOW (MRC) -- Venezuelan state oil company Petroleos de Venezuela has restarted gasoline production at the FCC unit of its 310,000 bpd Cardon refinery, reported Reuters with reference to three people familiar with the matter.

The unit was producing between 15,000 and 20,000 bpd of gasoline, according to union leader Ivan Freites, who said the unit started back up on Wednesday evening. PDVSA earlier in the week began producing at least 25,000 bpd of gasoline at Cardons reformer unit.

Cardon is the only refinery currently producing gasoline in Venezuela, a once-prosperous OPEC nation which is suffering severe fuel shortages after years of underinvestment and lack of maintenance at PDVSAs 1.3 MMbpd refining network. US sanctions also complicate the countrys ability to import fuel.

PDVSA did not immediately respond to a request for comment.

As MRC informed before, Russian state oil company Rosneft's decision to cease operations in Venezuela and sell its assets there to a Russian government-owned company was a "maneuver" made in reaction to collapsing oil prices, a US State Department official said earlier this year.

We remind that Angarsk Polymers Plant, part of Russian oil giant Rosneft, has resumed its low density polyethylene (LDPE) production after an unscheduled shutdown because of a technical issues at the ethylene unit. The plant"s customers said Angarsk Polymers Plant had brought on-stream its LDPE production by 28 August after the forced shutdown due to technical problems at its ethylene production. And the first shipments of polyethylene (PE) to customers began on 31 August. The outage lasted slightly over two weeks and began on 10 August The plant"s annual production capacity is about 75,000 tonnes.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,496,500 tonnes in the first eight months of 2020, up by 5% year on year. Shipments of all ethylene polymers increased, except for linear low desnity polyethylene (LLDPE). At the same time, PP shipments to the Russian market reached 767,2900 tonnes in the eight months of 2020 (calculated using the formula - production minus exports plus imports - and not counting producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.

We also remind that Russia's overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, LLDPE, crude and gaz condensate, PP random copolymer, propylene, LDPE, ethylene, petrochemistry, Rosneft, Angarsk Polymers Plant, Venezuela, Russia, USA.
Category:General News
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