PDVSA Snubs Crude Sanctions With Condensate Imports ...Middle East

OILPRICE - Economy
PDVSA Snubs Crude Sanctions With Condensate Imports
source : OILPRICE ( Middle East ) () 14
PDVSA is offloading more than a half a million barrels per day of condensate that it has imported in order to blend with its extra heavy crude oil, according to PDVSA documents that Reuters has seen. The condensate—which Venezuela needs in order to move its heavy crude oil—arrived on Wednesday. But importing condensate and exporting the resulting upgraded crude oil are currently sanctionable actions by the United States. Panamanian-flagged Rene is the vessel that brought the condensate cargo in, operated by shipping firm Issa Shipping…

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