Other shipments were canceled even Canada Goose Parka before

16/04/2018 11:48 pm0 commentsViews: 3

Venezuela delays crude shipments amid operational mishaps

CARACAS, Feb 9 (Reuters) Venezuelan canada goose black friday sale state oil company PDVSA has delayed and canceled crude deliveries to commercial partners in recent months, according to documents seen canada goose deals by Reuters, a further sign of the steady production decline of the country canada goose clearance top export.

From October through January, PDVSA canceled or delayed delivery canada goose outlet toronto factory of almost 7 million barrels of crude due to cargoes being rescheduled canada goose or skipped, often because it did not have enough oil available, according to canada goose clearance sale internal company documents seen by Reuters. Phillips 66 and Thai TIPCO Asphalt. Other shipments were canceled even Canada Goose Parka before being assigned to specific customers.

Phillips 66 and TIPCO hold supply contracts for some 10 monthly cargoes of canada goose replica Venezuelan heavy crude, or canada goose coats about 180,000 barrels per day (bpd).

PDVSA and TIPCO did not respond to requests for comment. Phillips 66 declined to comment.

The accumulated delays to these partners represented 30,000 bpd at the end 2018 canada goose outlet January, according buy canada goose jacket to the documents.

PDVSA has also fallen months behind on shipments of crude and fuel under oil for loan deals with China and Russia, according to internal PDVSA documents reviewed by Reuters, which includes 3.2 million barrels of Boscan Canada Goose Coats On Sale heavy crude bound for China state run canada goose outlet store locations CNPC.

PDVSA main export products are crude and fuel oil, a relatively heavy, dirty refined product that is used mostly for power generation. Crude and fuel oil together last year accounted for 92 percent of some 2.1 million bpd in total canada goose coats on sale exports, according to Reuters Canada Goose Outlet data.

But the OPEC country like web economic crisis and frequent operational problems have pushed oil output to a 23 year low, leaving PDVSA without enough crude to keep sending cheap Canada Goose oil to traditional customers or supply its own refineries.

is worried about PDVSA Canada Goose Online compliance with supply contracts due to delays and loading problems at certain terminals, said one trader who deals in Venezuelan crude and spoke buy canada goose jacket cheap on condition of canada goose store anonymity.

Since October, PDVSA has canceled five cargoes of Merey crude totaling 2.75 million barrels that were destined for Phillips 66 and in January delayed an 800,000 barrel cargo of Boscan Canada Goose sale crude to TIPCO for lack of supply, according to company documents.

Delays have been especially problematic for shipments of crude grades produced in western Venezuela, according to another trader, Canada Goose online speaking goosesale on condition of anonymity.

Exports of those crude grades have declined sharply due to lack of investment in the area aging fields and recent problems loading crude at certain terminals canadian goose jacket affected by Canada Goose Jackets oil leaks.

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