Representatives from Petróleos de Venezuela (Pdvsa) told Reuters that the main crude oil export terminal, known as Jose, is still being held up because of the blackouts affecting much of the country since Monday.
Similarly, the four extra-heavy oil breeders Petrocedeño, Petropiar, Petromonagas and Petrosanfelix, all operated by the Venezuelan state oil company and being capable of converting up to 700,000 barrels of exportable crude oil per day, are also paralyzed and evidently for the same reason.
It should be noted that without the need for the two blackout in March in Venezuela, it was expected that the amount of oil exported to the United States would reach zero when the licenses provided by the Treasury Department to various companies expired on April 28.
However, exports of Venezuelan oil to the United States reached zero the week of March 15, that is, before the stipulated date product of the first blackout that hit the South American country on March 7.
L.Sáenz
Source: Banca & Negocios
