Venezuela, home to the largest oil reserves in the world, is
seeking to import 13 million barrels of fuel this year as the country’s
refineries are now operating at less than half of their capacity. State-run oil
company Petroleos de Venezuela SA is inviting trading houses and refineries to
supply as much as 70,869 barrels of oil products daily from July through the
end of the year, according to tender documents obtained by Bloomberg. The
company is seeking gasoline, gasoline octane-enhancers, diesel, and also
intermediary feedstocks such as vacuum gas oil and catalytic naphtha, which
refineries use for fuel production. PDVSA is also seeking heavy naphtha, a diluent
used mixed with its heavy oil so crude can flow more easily through pipelines
and be sold or refined More…
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