• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 2 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 10 hours California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 22 hours "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 1 day "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day An Indian Opinion on What is Going on in China
  • 4 hours Nord Stream - US/German consultations
  • 1 day Can Technology Keep Coal Plants Alive and Well?
  • 2 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 3 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 4 days Perfect Energy Storm in Europe: turning our back on fossil fuels is easier said than done!
  • 1 day U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 1 day Storage of gas cylinders
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Desperate Venezuelans Attempt To Refine Gasoline At Home

Fuel shortages in Venezuela are so bad amid the deepening crisis at its state oil firm that Venezuelans are stealing crude oil from idle oilfields and processing it at home to make low-quality gasoline, workers at PDVSA, and people with knowledge of the events have told Reuters At the idled oilfield La Concepcion in western Venezuela, for example, people have made holes in the pipelines that were used to transport the crude to storage tanks. PDVSA employees are ready to accept bribes not to report such thefts as their meager salaries quickly evaporate with the hyperinflation, Reuters’ sources say.

After stealing crude from idled fields, Venezuelans then try to process it into fuel with makeshift refining tools, and the resulting gasoline is low-quality and damaging to car engines.

The quantities of stolen crude are small, but they nevertheless show the desperation of Venezuelan people, who have been suffering for several years from the economic collapse in the country sitting atop of the world’s biggest crude oil reserves. This year, acute fuel shortages added to the crisis and the pandemic to make life even harder for Venezuelans.

Venezuela’s 1.3-million-bpd refining capacity is mostly offline due to the cash crunch at PDVSA and Venezuela, the crumbling industry, and years of lack of investment in maintenance and repairs.

Related: Climate Targets Could Slash Natural Gas Investment By $1 Trillion

Venezuela has seen some reprieve recently in its fuel shortage problem after Iranian tankers shipped gasoline and refining components to the Latin American country in open defiance of U.S. sanctions.

Nicolas Maduro’s regime tried to alleviate the fuel shortage in the country, but a new scheme of subsidized gasoline failed to put an end to the long lines in which Venezuelans queued to fill their cars with fuel. Despite the shipments from Iran, Venezuelans continued to queue for gasoline.

Meanwhile, Venezuela’s oil exports continue to crumble, to a low of 359,000 bpd in October. 

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News