Venezuelan refining runs at 35% of its capacity, and no one finances it

Venezuela’s refining base runs at about 35% of its installed capacity. The rest exists and sits idle.

The contrast lies within the same sector. Crude output and exports are rising. Refining has no one to finance it.

The study calls this picture an asymmetric reactivation. The crude leaves; the capacity to process it in the country stays idle.

Rehabilitating costs a fraction of building. But an idle refinery is not available capacity while no one finances it.

For a C-suite executive, the question is who finances putting it back to work, and under what framework.