Marathon Petroleum operates the largest heavy crude refinery in Louisiana at 606,000 barrels per day, poised to capture 20% to 30% of increased Venezuelan oil exports. Refining margins rose to $17.60 per barrel, with crude capacity utilization at 95% in Q3.

The U.S. forces raided Venezuela, capturing President Nicolás Maduro and aiming to access its oil. With the world’s largest proven oil reserves, Venezuela’s heavy crude requires specialized refining. Marathon Petroleum’s Garyville refinery is configured for this, positioned to benefit from potential Venezuelan oil imports.

Louisiana’s Gulf Coast, home to major heavy crude refineries, is ideal for processing Venezuelan oil. Marathon Petroleum, Exxon, and Citgo are positioned to benefit. Marathon’s Garyville facility, the state’s largest, may capture 20% to 30% of increased Venezuelan oil exports, offering better value than Exxon or Chevron.

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Read more at Yahoo Finance: Marathon Petroleum to Reap a Windfall on Venezuela Oil Boom