The Paraguaná Refinery Complex is a crude oil refinery complex in Venezuela. It is considered the world's third largest refinery complex, just after Jamnagar Refinery (India) and Ulsan Refinery (South Korea). The Paraguaná Refinery Complex was created by the fusion of Amuay Refinery, Bajo Grande Refinery and Cardón Refinery. As of 2012, it refines . The complex is located in the Paraguaná Peninsula in Falcón state (Amuay and Cardón refineries) and the western coast of Lake Maracaibo in the Zulia state (Bajo Grande Refinery). The complex accounts for 71% of the refining capacity of Venezuela and it belongs to the state-owned company Petróleos de Venezuela (PDVSA).