Venezuela
shipping an extra one million barrels of gasoline to the United
States
By
Elio Ohep of petroleumworld
CARACAS
Petroleumworld.com 09 23 05
The first extra shipment of 240,000 barrels of Venezuelan gasoline
will arrive at the U.S., this weekend, to help provide relief
to U.S. consumers affected by high prices putting into practice
the announcement made by President Hugo Chávez in the wake
of Hurricane Katrina’s devastation, according to a press
release by the Embassy of Venezuela in Washington D.C.
With
The arrival of vessel B/T Energy Pride, on the september 25, at
Port Everglades, Florida, with the gasoline, produced by the Venezuelan
national oil company, Petróleos de Venezuela, S.A. or PDVSA,
CITGO Petroleum Corp., PDVSA’s wholly-owned U.S. subsidiary
will distribuit it and make it available immediately to U.S. consumers.
This volume supplements PDVSA’s normal shipments to the
United States.
“As
a Hemispheric neighbor and business partner, we are pleased that
we are able to provide immediate relief by increasing gasoline
supplies available in the United States in the aftermath of this
devastating natural disaster,” said Venezuela’s Ambassador
to the United States, Bernardo Alvarez Herrera.
“We
are sending additional barrels of gasoline that otherwise would
have gone elsewhere, and we will continue to do whatever we can
to help alleviate energy shortages and the dislocations faced
by the people of the United States as a result of Hurricane Katrina.”
Three
other 240,000 barrel shipments will arrive at regular intervals
on the heels of this first shipment.
Three
other 240,000 barrel shipments will arrive at regular intervals
on the heels of this first shipment.
It
is expected that the entire additional volume of close to one
million barrels of gasoline will be in the U.S. distribution system
no later than October 31.
PDVSA
is the fifth largest provider of petroleum products in the world
and the third largest provider to the United States. During the
last year, Venezuela has at times been the largest supplier of
oil to the United States, surpassing Saudi Arabia, Canada and
Mexico. It exports 95 percent of its hydrocarbons, 57 percent
of which are earmarked for the United States. PDVSA’S oil
refining capacity globally is 3.3 million barrels per day.
By
Elio Ohep, editor@petroleumworld.com, 58 412 996 3730, Caracas,
Venezuela
Petroleumworld
News 09/22/05
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