Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Amuay Refinery News

27 Oct 2020

Venezuelan Oil Transferred at New Ship-to-ship Spot in the Caribbean

© Andreas Karelias / Adobe Stock

Venezuela's state-run oil company PDVSA this week began using a new location near La Borracha island in the Caribbean sea for transferring Venezuelan crude from one ship to another for exports, according to tanker tracking data seen by Reuters.PDVSA, whose exports have been hit by U.S. sanctions, in late 2018 tested the spot near La Borracha, about 16 kilometers (10 miles) off the coastal city of Puerto la Cruz, but it had not used it until now, according to shipping sources.In recent weeks…

01 Oct 2020

PDVSA to Install Ship-to-ship Hub Away from Shore

© Vladimir / Adobe Stock

Venezuela's state-run oil firm PDVSA is informing customers about a new hub for doing ship-to-ship transfers for exports in a location away from shore, a shift that could mean higher costs and less supervision, according to three sources.More than two-thirds of Venezuela's oil exports leave from the Jose terminal on the country's eastern coast, a large and heavily supervised facility with two monobuoys for exports and connected through pipelines to several crude upgraders.But with U.S.

25 May 2020

Tankers Carrying Iranian Fuel Approach the Caribbean

A flotilla of five tankers carrying Iranian fuel for gasoline-starved Venezuela is approaching the Caribbean, with the first vessel expected to reach the South American country's waters on Sunday, according to Refinitiv Eikon tracking data.Iran is supplying about 1.53 million barrels of gasoline and alkylate to Venezuela, according to both governments, sources and calculations made by TankerTrackers.com based on the vessels' draft levels.The shipments have caused a diplomatic standoff between Iran and Venezuela and the United States as both nations are under U.S. sanctions. Washington is considering measures in response, according to a senior U.S.

30 Jun 2015

Pirates and Hold-ups: Crime Strikes Venezuela's Oil Industry

When night falls over western Venezuela, armed gangs known as "pirates" sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells. In the country's Paraguana peninsula, opposite the Caribbean island of Aruba, slum dwellers at times break through a perimeter wall into Venezuela's biggest refinery and rob machinery, construction tools, and cables to sell as scrap. On the other side of the OPEC country in Monagas state, around 26,000 potential barrels were lost in March during a shutdown after state oil company employees and contractors stole copper cables and caused a tank to overflow. Venezuela's national crime pandemic - the United Nations says the country has the world's second-highest murder rate after Honduras - is a growing headache for the oil industry…

10 Nov 2014

PDVSA's Cardon Refinery Slowed by Equipment Outages

Venezuela's state oil company PDVSA said its 310,000 barrel-per-day Cardon refinery was hit by an electrical fault during a weekend storm, resulting in the halting of some units. A storm on the Paraguana peninsula knocked out electricity late on Saturday, the company said in a statement. "Operating personnel took immediate control of the installations and proceeded to halt the affected units as a preventative measure," it said. A PDVSA spokesman on Monday could not say what units were affected or whether they had been restarted. The nearby 645,000 barrel-per-day Amuay refinery is being restarted after a blackout had shut it down Tuesday night. PDVSA said it still had enough fuel inventories to cover domestic and international demand.   By Andrew Cawthorne

04 Apr 2014

PDVSA to Sell Jet Fuel and ULSD Cargos for April

Venezuela's state-run PDVSA launched tenders to sell one 240,000 barrel cargo of jet fuel and one 240,000 barrel cargo of ultra low-sulfur diesel (ULSD) for delivery in April, according to documents seen by Reuters on Friday. The company launched two previous tenders in recent days to buy heavy naphtha and catalytic naphtha. In March it offered seven cargos of different fuels, increasing its typical sales on the open market. The jet fuel cargo offered this time will be delivered April 20-22 at Amuay refinery, while the ULSD cargo will be loaded in Puerto la Cruz refinery on April 24-26. The company will receive bids until April 8 for both cargos. The destination should be the U.S. Gulf or East Coasts, Florida, the Caribbean, the Mediterranean, Northwest Europe or West Africa.