Venezuela’s PDVSA to buy up to 17 fuel cargoes on the open market -tenders

23 Jun 2017   Venezuela

Venezuela’s oil company PDVSA is seeking to buy up to 6.32 million barrels of fuel in one of its largest offers on the open market in recent years, according to documents seen by Reuters on Thursday. The firm, whose refining network is working at record lows since March due to lack of light oil, equipment malfunctions and other incidents, has increased fuel purchases this year to avoid gasoline shortages in the country. The 17 fuel cargoes of gasoline blendstock, ultra-low sulfur diesel (ULSD), catalytic naphtha, vacuum gasoil (VGO) and components for motor gasoline are expected to be received from July through December, the tender documents say. Earlier this month PDVSA awarded a group of firms, including Russia’s Lukoil, previous tenders to buy 600,000 barrels of […]

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