“Ugly and Rusty,” Venezuela’s Refineries Are Relics that Will Be Hard to Revive

Venezuela’s ‘ugly and rusty’ refineries will be hard to revive despite Trump’s vow

Workers attribute the dire state to years of underinvestment, equipment failures, and shortages, leaving Paraguana struggling to produce the fuel Venezuelans desperately need

"Ugly and rusty," Venezuela's refineries are relics that will be hard to revive

Why Venezuela's Refineries May Be Too Costly to Save

Venezuela’s once powerful refining sector has fallen into severe decline, with aging infrastructure, years of underinvestment, and recent earthquake damage leaving the country’s largest refineries operating far below capacity. Although the government hopes to attract billions in foreign investment to revive the oil industry, analysts say refinery rehabilitation remains one of the least attractive opportunities […] The post Why Venezuela’s Refine…