Venezuela's largest refining complex plans to lower
operating rates in July to 42 percent of its 955,000-barrel-per-day capacity, a
level that would require state-run oil company PDVSA to keep increasing fuel
purchases, according to internal documents seen by Reuters. Petroleos de
Venezuela last week launched one of its largest offers on the open market in
recent years to buy more than 6 million barrels of fuel and up to 9 million
barrels of diluents for the second half of 2017. More…
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