Mariela Nava, Luc Cohen
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Desperate for fuel, Venezuelans steal PDVSA crude and make their own gasoline

Desperate for fuel, Venezuelans steal PDVSA crude and make their own gasoline

By , MARACAIBO, Venezuela (Reuters) - Venezuelans, desperate for fuel after months of shortages, have begun stealing crude from idled fields owned by state oil company Petroleos de Venezuela [PDVSA.UL] and distilling homemade gasoline, according to two PDVSA workers and a half dozen people familiar with the practice.The amount of crude stolen is a tiny fraction of Venezuela’s output. But the activity is testament to the crises at PDVSA, which can no longer supply the country’s population with fuel.Venezuela’s once-formidable 1.3 million barrels per day (bpd) refining network has collapsed,...

November 19, 2020
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reuters.com

reuters.com

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