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New Algerian oil tanker is heading to Venezuela

New Algerian oil tanker is heading to Venezuela

Posted by Dubraswka Aguilar on November 08, 2014

A second tanker loaded with Algerian light crude for Venezuelan state company PDVSA undertook the journey from the port of Bejaia and is expected to deliver up to 2 million barrels in the terminal Jose on November 17th, according to Reuters.

Venezuela began last month to import crude oil to use it as a diluent for increasing pumping heavy crude, since the decline of its own production of light and medium crude purchases of gasoline are no longer affordable.

The first shipment, aboard the freighter Carabobo, delivered two weeks ago 700,000 barrels of Saharan Blend crude in the Venezuelan port Jose and later sailed to the Caribbean island of San Eustaquio, where PDVSA leases storage and blending facilities.

A second shipment of crude shipboard large Boston Liberian flag was hired in October as part of a supply contract recently signed between PDVSA and Algerian state Sonatrach.

Venezuela, which has the largest oil reserves in the world, confirmed imports last month, but did not specify the volume or the time provided for shopping.

It is also expected that two cargoes of 1 million barrels of Russian Urals arrive in November to PDVSA operated Island refinery in Curacao, after being purchased to PetroChina in recent weeks.

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