Chevron's Venezuelan Deal Fuels Pascagoula Refinery Growth

Chevron's expansion of its access to Venezuelan crude oil has led to significant growth at the Pascagoula refinery, which has been processing heavy crude from Venezuela since 2026.

The coker at the refinery, which gives it the ability to process heavy crude, has seen production more than double since January, with the plant now processing up to 100,000 barrels of crude oil a day.

According to Marissa Badenhorst, Pascagoula Refinery Director, this growth is expected to continue, with forecasting suggesting that production could double in Venezuela over the next year or two.

This increased production has the potential to help lower gas prices by providing a more diverse supply of crude oil, which can make products in a more efficient way and keep prices low.