(Reuters, 26.Jan.2021) — Venezuelan state oil company PDVSA’s inventories of its main export crude grade dipped this week to their lowest levels since late November, internal company documents seen by Reuters showed. Merey 16 stocks at the country’s main oil terminal, the Jose port, fell to 4.85 million barrels as […]
Tag: PetroSinovensa
Slew Of Tankers Head Toward Venezuela
(Reuters, 11.Nov.2020) — At least 18 oil tankers are expected to load oil for export from Venezuela in the coming weeks, according to tracking data and internal documents from state-run PDVSA, in a sign the sanctioned OPEC nation’s crude exports may rebound this month. Venezuela’s oil exports fell to their […]
PDVSA prepares to boost oil blending with condensates
(Reuters, 15.Sep.2020, Words: 492) — Venezuela’s state-run PDVSA is preparing to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt, according to sources and a company document. U.S. sanctions imposed since 2019 have deprived PDVSA […]
Wave Of Venezuelan Oil Stalled At Sea
(Argus, 10.Jun.2020) — Vessel tracking data shows a fleet of 44 international tankers on the water holding 40.5mn bl of Venezuelan oil as shipowners face growing risk of US sanctions for transporting cargoes to and from the country. The tankers, which include 13 very large crude carriers (VLCCs), 12 Suezmaxes, […]
Venezuela Brushing Aside Oil Price Signals For Now
(Argus, 2.Apr.2020) — Venezuela’s crude production partially recovered to around 700,000 b/d at the end of March, but state-owned PdV and its foreign partners cannot afford to dismiss weaker price signals for much longer, according to industry officials inside and outside Venezuela. Output had slid to about 500,000 b/d in […]
PdV-CNPC JV Managers Arrested
(Argus, 7.Oct.2019) — Senior managers of Venezuelan state-owned PdV’s heavy crude-blending joint venture with Chinese state-owned CNPC were arrested late last week, days after the blending plant halted operations. PetroSinovensa had stood out as the most resilient of PdV’s crude joint ventures at the Jose industrial complex, maintaining partial operations […]