Venezuela is importing 2.5 million to 3 million barrels of
heavy naphtha per month from Caribbean facilities and trading firms to use as
diluent for extra heavy oil output, according to an internal report from state
oil company PDVSA seen by Reuters. A tender was awarded to trading firm Vitol
in the second quarter of the year, with deliveries scheduled through December,
allowing PDVSA to have a stable source of naphtha to make diluted crude oil
(DCO) for export. PDVSA received five 500,000-550,000 barrel cargoes of heavy
naphtha at its Jose terminal in July. Most of them were supplied by Vitol from
the U.S. Gulf Coast, though some came from Curacao and Aruba, where PDVSA
operates storage terminals, according to the internal exports and imports
report. More… 
Monday, August 17, 2015
Venezuela Imports 3 Million Barrels Of Naphtha Monthly
Venezuela is importing 2.5 million to 3 million barrels of
heavy naphtha per month from Caribbean facilities and trading firms to use as
diluent for extra heavy oil output, according to an internal report from state
oil company PDVSA seen by Reuters. A tender was awarded to trading firm Vitol
in the second quarter of the year, with deliveries scheduled through December,
allowing PDVSA to have a stable source of naphtha to make diluted crude oil
(DCO) for export. PDVSA received five 500,000-550,000 barrel cargoes of heavy
naphtha at its Jose terminal in July. Most of them were supplied by Vitol from
the U.S. Gulf Coast, though some came from Curacao and Aruba, where PDVSA
operates storage terminals, according to the internal exports and imports
report. More… 
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