A delay in port repairs following a tanker collision is
putting additional pressure on already pressured Venezuelan crude oil exports,
Reuters quoted anonymous sources close to PDVSA as saying this week. It seems
that Venezuela’s woes are only multiplying as time goes by, although news from
official Caracas sources seems more upbeat. Oil, however, appears at the
forefront of Venezuela’s plight. A dock at Venezuela’s biggest oil port, Jose,
was closed in late August after a tanker collided with it. At the time, Reuters
reported that the repairs would delay the delivery of 5 million barrels of
crude, destined for Rosneft, which, according to the news outlet, could put a
strain on relations between the Russian company and PDVSA, which have a
money-for-oil agreement. This is only the latest in PDVSA’s troubles with its
oil exports. More…
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