PDVSA Chooses Bunkerstem

Tuesday, February 13, 2001
Venezuelan state oil company Petroleos de Venezuela (PDVSA) has chosen Bunkerstem, as one of only two approved outlets for bunker fuel sales. PDVSA will begin selling bunker fuel via the Bunkerstem purchasing network later this month from its terminal in Freeport, Grand Bahamas Island. "I believe that before the end of the month, in one or two weeks, we will be selling our fuels via Bunkerstem. We are very excited about this new development" said Rafael Vilagut, commercial support manager for the project. PDVSA sells bunkers for approximately $150 million a year at present. Bunkerstem is currently the largest on-line marine fuel purchasing service covering 577 ports around the world, serving close to 700 members on all continents.

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