Four tankers carrying over 2 million
barrels of U.S. crude are stuck at sea and cannot discharge at a Caribbean
terminal because Venezuela's PDVSA has not yet paid supplier BP Plc (BP.L),
according to two sources and Thomson Reuters vessel tracking data. The cargoes
are part of a tender Petroleos de Venezuela [PDVSA.UL], known as PDVSA, awarded
in March to BP and China Oil. The deal was to import some 8 million barrels of
West Texas Intermediate (WTI) crude so Venezuela could dilute its extra heavy
crudes and feed its Caribbean refineries. More…
Wednesday, June 1, 2016
Oil tankers in limbo as Venezuela's PDVSA fails to pay BP
Four tankers carrying over 2 million
barrels of U.S. crude are stuck at sea and cannot discharge at a Caribbean
terminal because Venezuela's PDVSA has not yet paid supplier BP Plc (BP.L),
according to two sources and Thomson Reuters vessel tracking data. The cargoes
are part of a tender Petroleos de Venezuela [PDVSA.UL], known as PDVSA, awarded
in March to BP and China Oil. The deal was to import some 8 million barrels of
West Texas Intermediate (WTI) crude so Venezuela could dilute its extra heavy
crudes and feed its Caribbean refineries. More…
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