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Tuesday, May 2, 2017

Venezuela resumes light oil shipments to Cuba -PDVSA data

Venezuela resumed exports of light crude to its political ally Cuba in March after an eight-month pause that led to a production halt at the island's jointly-owned Cienfuegos refinery, according to internal data from state-run PDVSA seen by Reuters. PDVSA last year minimized exports of its lighter grade crudes, especially to the Caribbean, which since then have been used mainly to dilute its extra-heavy oil and convert it into exportable crude. More…

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