Venezuela To Load Big Tankers at St Eustatius Terminal

Posted by Joseph R. Fonseca
Friday, April 25, 2014

 

Venezuela's state-run PDVSA will use a terminal owned by U.S. firm NuStar Energy on the island of Saint Eustatius to store crude and load very large crude carriers (VLCCs) going to Asia, after deciding it will no longer rent a facility in the Bahamas, a PDVSA executive said on Friday.

PDVSA has been using the Saint Eustatius terminal in the Caribbean since March as a center to store and mix its crudes and produce exportable blends, the Venezuelan oil company confirmed after Reuters reported it this week.

The company already started receiving crude tankers at the facility going out from Venezuelan ports.

"We plan to build a new terminal in Araya (at Venezuela's Eastern coast) but meanwhile we are renting some storage centers in Aruba and Saint Eustatius and using our own facilities in Bonaire and Curacao," PDVSA's refining vice president, Asdrubal Chavez, told journalists.

"We used the Bahamas before, but from Saint Eustatius to Asia the trip is shorter, so we are saving time and money after negotiating with NuStar," he added.

After selling several facilities in the Caribbean to collect cash in recent years and trying to overcome fires and accidents that affected its domestic refining and storage network in 2012, PDVSA has signed new leasing contracts to use private facilities.

BORCO terminal in the Bahamas, which was owned by PDVSA until 2007 when it sold it, was later rented by the state-run company as an additional facility to its domestic network.

Asia, which last year became Venezuela's main oil export destination, is receiving an increasing volume of PDVSA's crude and products and most shipments are received in VLCCs loaded at the Venezuelan Eastern coast, as well as theCaribbean.

Last year PDVSA started renting 4 million barrels of storage capacity in the island ofAruba in a facility owned by U.S. refining company Valero Energy. (Reporting by Marianna Parraga; Editing by Terry Wade and Andrew Hay)

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia

A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural

Maran Orders 4 LNGCs from DSME

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will build four large Liquefied Natural Gas Carriers (LNGC) for Maran Gas.   The four LNGCs

Tepco, Chubu Buying 6 LNG cargoes from Vitol

Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender,

Ports

Hiab Debuts Biggest Crane - HIAB X-HiPro 1058

Hiab, part of Cargotec, is set to launch the biggest crane to date in its high capacity range, the HIAB X-HiPro 1058. This signposts the first in a series of launches,

Liebherr to Debut 5-Axle Mobile Crane

Liebherr will be showing its new 160-tonne mobile crane LTM 1160-5.2 at the Intermat 2015 in Paris, France. This crane on a five-axle chassis was presented to

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

News

Bangladesh Aims to be World's 'First Solar Nation

Residents of Islampur, a remote village in the northern Bangladeshi district of Naogaon, were stunned one night last summer when the darkness was suddenly illuminated

India Not Pressurized by US-China Deal

Indian Prime Minister Narendra Modi said a climate deal between the United States and China does not put pressure on India, but that global warming itself was reason to take action.

U.S., India to Seal Nuclear Deal

The United States and India have reached a breakthrough on two issues holding up civil nuclear cooperation between them, U.S. President Barack Obama told a news conference in New Delhi on Sunday.

Vessels

Danish Pleasure Craft Safety Board Gets A New Head

From 1 February 2015 a new chairman will head the Danish Pleasure Craft Safety Board. The new incumbent is Jan Thorn, who is in his everyday work Director

Collision With lock Gate in Kiel Canal

Delays can be expected in the Kiel Canal following a collision this yesterday, 23 January, with the small north lock gate at Brunsbuettel. Only the big north

MSC Sinfonia Upgradation at Fincantieri Shipyard

Extension operations on MSC Sinfonia, the second out of four MSC cruise ships to undergo the Renaissance Programme of enhancements, have begunin the past days at Fincantieri shipyard in Palermo.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1663 sec (6 req/sec)