Stock Markets February 10, 2026

Amuay Refinery Restores Basic Operations After Nationwide Blackout

Venezuela's largest refinery resumes essential services and begins preparations to bring processing units back online following a power outage

By Sofia Navarro
Amuay Refinery Restores Basic Operations After Nationwide Blackout

Basic services at the Amuay refinery were restored on Tuesday after a power blackout forced operations to stop on Monday. The 645,000-barrel-per-day complex is now preparing to restart its processing plants. Power outages and technical problems have frequently affected facilities run by state oil company PDVSA in recent years, limiting refineries' ability to reach full processing capacity. PDVSA had not provided an immediate comment on the incident.

Key Points

  • Basic services at the Amuay refinery were restored on Tuesday after a power blackout halted operations on Monday.
  • The Amuay facility, with a listed capacity of 645,000 barrels per day, is preparing to restart its processing plants following the outage.
  • Repeated power outages and technical incidents at PDVSA-operated sites have limited Venezuela's refineries from achieving maximum processing capacity; this affects the energy and refining sectors.

Overview

Basic services at the Amuay refinery were brought back on Tuesday after a power blackout had halted all operations the previous day. The shutdown, which occurred on Monday, affected Venezuela's largest refinery and prompted a controlled suspension of refining activity while electricity was unavailable.

Current status

Following restoration of essential services on Tuesday, the facility - which has a processing capacity of 645,000 barrels per day - is now preparing steps to restart its processing plants. Company sources familiar with the situation have reported that the site is moving from the initial recovery of basic systems toward reactivating the units that perform oil processing.

Operational context

Power outages and other technical incidents have been reported repeatedly at facilities operated by the state oil company, PDVSA, over recent years. The recurrence of such disruptions has, according to observers, prevented the country's refineries from consistently reaching their maximum processing capacity. This pattern of operational interruptions is a relevant factor for assessing refinery throughput and overall fuel production reliability.

Official response

Requests for comment directed to PDVSA about the blackout at Amuay did not receive an immediate response. At the time of reporting, the company had not issued a public statement addressing the cause of the outage or providing a timeline for full resumption of processing operations.


Implications

Restoration of basic services marks the first phase of recovery for Amuay. The next phase will involve methodical reactivation of processing plants, a process that typically requires technical checks and safety verifications before normal refining throughput can resume.

Risks

  • Uncertainty over the timeline for restarting full processing at Amuay - impacts the refining and fuel supply sectors.
  • Recurring power and technical failures at PDVSA facilities could continue to constrain refinery output - risk to downstream energy markets and infrastructure reliability.
  • Lack of immediate comment from PDVSA creates informational uncertainty about the cause and severity of the outage - complicates market and operational assessments.

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