LATAM
México

Guyana

Trinidad
& Tobago




Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

Trafigura ships Venezuelan asphalt to US

 


 

By Argus

CARACAS
Petroleumworld 03 18 2019

An asphalt tanker that loaded in Venezuela arrived on US shores last week in spite of US sanctions on Venezuela´s state-owned PDVSA (PdV) that will be in full force near the end of April.

The 14,634t The Amigo , chartered by trading firm Trafigura, departed Venezuela´s Amuay Bay at the end of February before arriving in Ft Lauderdale, Florida, on 4 March and Savannah, Georgia, on 6 March.

The vessel appeared to partially discharge at both ports, according to vessel tracking indications.

US imports of Venezuelan asphalt plunged in recent years. Tanker shipments were already affected by US financial sanctions that were imposed on PdV in August 2017, as well as equipment breakdowns and feedstock shortages at PdV's main 940,000 b/d CRP refining complex.

US imports of asphalt from Venezuela dwindled to just 809,000 bl last year, down from nearly 1.3mn bl in 2017, according to US Energy Information Administration (EIA) data.

Oil sanctions imposed by the US on 28 January require US companies buying crude and refined products from Venezuela to deposit payments in an escrow account at a US bank, instead of paying PdV directly.

Asphalt is not explicitly listed in the US sanctions directive, but the escrow requirement is in effect for any cash proceeds from swap arrangements involving imports from PdV. US companies will not be allowed to import any crude or products from Venezuela after 28 April.

Swiss-based Trafigura said last month it would halt any new transactions with PdV in light of the sanctions and was completing past trades under a longstanding swap agreement.

Trafigura was not immediately available to comment.

 


________________________


We invite you to join us as a sponsor.

Circulated Videos, Articles, Opinions and Reports which carry your name and brand are used to target Entrepreneurs through our site, promoting your organization’s services. The opportunity is to insert in our stories pages short attention-grabbing videos, or to publish your own feature stories.

________________________

 

Story from Argus Media.

argusmedia.com 03 15 2019

 

Hit your target - Advertise with us

PW 300.000 plus request per week

Copyright© 1999-2019 Petroleumworld or respective author or news agency. All rights reserved.

We welcome the use of Petroleumworld™ (PW) stories by anyone provided it mentions Petroleumworld.com as the source.

Other stories you have to get authorization by its authors. Internet web links to http://www.petroleumworld.com are appreciated.

Petroleumworld welcomes your feedback and comments, share your thoughts on this article, your feedback is important to us!

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1


 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher: Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2019, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2019, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.