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Once a symbol of oil wealth, Venezuela’s refineries fall into decayEconomy
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EconomyOnce a symbol of oil wealth, Venezuela’s refineries fall into decay

Venezuela’s formerly prominent refinery network has deteriorated through disrepair and a lack of investment. Key facilities are operating at only a fraction of their capacity. The country is weighing expensive efforts to rehabilitate its oil infrastructure as the decline continues.

RReuters 2026-08-05 00:01