Sunday, July 7, 2019

Notes From All Over -- Part 2 -- July 7, 2019

Blackout shuts Venezuela's main refining complex -- ArgusMedia. Data points:
  • blackout on Paraguana Peninsula began yesterday morning (Saturday, July 6, 2019)
  • state-owned refinery: almost one million bopd CRP refining complex
  • also paralyzed terminal (export) operations
  • sounds like a big story, but it really isn't: it had already been operating at 15% nameplate capacity due to weak national power grid for energy supply
  • Venezuela's power crisis peaked on March 7, 2019, with a string of nationwide blackouts that extended through early April
Based on rest of story, it sounds like things may be worse than actually being reported.

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