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Dienstag, 25. November 2014

Venezuela's Pdvsa to buy Russian light oil in December

Venezuela's Pdvsa to buy Russian light oil in December

Venezuela's state-run oil company Petróleos de Venezuela (Pdvsa) has been importing since late October some 4 million barrels of light crude oil from Algeria, and over 3 million barrels of byproducts, including gasoline and diesel, amid problems at local refineries and scheduled maintenance works in some of its crude oil upgraders

Venezuela seeks to reduce refining costs (File photo)
EL UNIVERSAL
Monday November 24, 2014  05:58 PM
Venezuela's state-run oil company Petróleos de Venezuela (Pdvsa) has launched a tender to buy a cargo containing 700,000 barrels of Russian Urals light crude in the open market, to be delivered from December 15-31 in Curacao Island, according to a document obtained by Reuters on Monday.

The Venezuelan State seeks to reduce refining costs of local heavy and extra-heavy crude oil by using other types of crude oil as diluent.

Pdvsa has been importing since late October some 4 million barrels of light crude oil from Algeria, and over 3 million barrels of byproducts, including gasoline and diesel, amid problems at local refineries and scheduled maintenance works in some of its crude oil upgraders.

Translated by Andreína Trujillo

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