23 Hrs
Source:
الاقتصادية
Venezuelan ports face oil and infrastructure issues
Venezuela is facing an escalating crisis at its oil ports due to deteriorating infrastructure that can no longer keep up with rising oil production and exports. This has led to delays in shipping operations, with ships waiting for over 30 days. The port crisis, especially at the Jose port which handles around 70% of the country's exports, is caused by issues such as equipment failures, power outages, poor-quality oil, and slow transfer processes from tanks to ships. Despite increased exports following sanctions easing—surpassing 140 million barrels since the beginning of the year—the limited infrastructure remains a major obstacle to market expansion and exporting larger quantities of oil. The United States plans to invest $100 billion to rebuild Venezuela's energy sector, focusing on increasing production. However, infrastructure improvements are already of critical importance. Congestion, along with financial and technical delays, hinder full recovery, as logistical complications raise costs and create challenges for companies like Chevron, which is trying to accelerate shipping by adding extra berths. Meanwhile, the Venezuelan government maintains strict control over its ports despite the urgent need for modernization.
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