Madrid, September 18

For the first time since 2017, Venezuela’s 4 large fuel refineries are operational. In this way, the agony of Venezuelans who had to wait in lines for hours to get supplies is alleviated.

The latest news that has come out regarding Petróleos de Venezuela (PDVSA) speaks of a critical situation, with a company practically bankrupt and very low production levels, compared to its good times. “However, the crudest and cruelest face was suffered by the thousands of Venezuelans who spent hours and even days every day standing in endless lines to get fuel.” The relief for the inhabitants of Venezuela and for the strategic partners of that country’s government seems having arrived after a series of changes in the positions of responsibility of said company, when Pedro Tellechea Ruiz was appointed in charge of the Venezuelan oil industry. Tellechea landed at PDVSA to carry out damage control and to stabilize production and refining quotas. According to the specialized page Sembrar el Petróleo, “to achieve this, a team of professionals headed by Heifred Jhoselin Segovia Marrero and Héctor Andrés Obregón Pérez have been formed, who would be in charge of balancing the accounts, just after their predecessors were publicly accused of improper management. transparent.” “What a task Tellechea was in charge of and apparently he has been able to accomplish it more than, especially by appealing to the most prepared and experienced technical staff of that oil industry, which helped him stabilize and recover the 4 large refineries that operate in the states of Falcón, Carabobo and Anzoátegui. As routine as the fact that one of the processes of an oil industry is operational may seem, in the case of PDVSA it becomes a very significant issue, since since the year 2017, the main refineries that process crude oil extracted from Venezuelan soil were not all working simultaneously,” as published in the aforementioned report. He also adds that, “currently, all the fuel that Venezuelans use is 100% produced in the country.” All this effort by Tellechea and his team has been rewarded when in the latest reports from the Organization of Fuel Exporting Countries Oil for the year 2023, in the case of Venezuela, a sustained increase in production quotas is reflected. According to Tellechea and other officials at Petróleos de Venezuela, the next phase will consist of maintaining what has been achieved and continuing to increase production quotas. To this end, they have drawn up the Deep Conversion Project, which will allow them to process what is extracted from the Orinoco Oil Belt, known for housing the largest reserve of heavy and extra-heavy oil on the planet. It is difficult to determine whether the Petróleos de Venezuela debacle is a cause or consequence of the serious crisis that the Caribbean country has suffered in the last 7 years, what could be concluded is that its economic recovery depends to a large extent on the speed with which normality is restored, in which knew how to be the most important oil producing company in South America.

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