Venezuela To Accept More Crude Oil From Russia As Production Falters | WHAT REALLY HAPPENED


Venezuela To Accept More Crude Oil From Russia As Production Falters

Russian Urals crude is now entering Venezuela at a rate of 335,000 barrels per day to supply PDVSA’s refinery in Curacao.

So far this year, Caracas has purchased 3 million barrels of Urals crude from Swiss trader Glencore.

Four tankers are scheduled to reach Curacao from Russian ports just this month, trading sources said.

PDVSA has been the contractual operator of Curacao for many years, but the contract is set to expire in 2019. Shell, the facility’s owner, has said PDVSA will not be the facility’s operator beyond the existing contract due to its failure to meet contractual obligations to perform upgrades.

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