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2014-05-18 Caribbean-Latin America

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Posted by trailing wife 2014-05-18 00:00|| || Front Page|| [11126 views ] Top
File under: Palestinian Authority

#1 "According to OGJ, Venezuela had 1.28 million bbl/d of crude oil refining capacity in 2012, all operated by PdVSA. The major facilities include the Paraguana Refining Center (955,000 bbl/d), Puerto de la Cruz (195,000 bbl/d), El Palito (126,900 bbl/d), and San Roque (5,200 bbl/d)."

Posted by Gerthudion Peacock5655 2014-05-18 00:47|| 2014-05-18 00:47|| Front Page Top

#2 Won't China disapprove? I thought they'd pre-bought all Venezuela's production in perpetuity.

I don't know the exact terms. I don't know which branch of the Red Mafia is running things there this week either.

Posted by Thing From Snowy Mountain 2014-05-18 00:52|| 2014-05-18 00:52|| Front Page Top

#3 China gets about 450,000 bbl/day out of an exportable total of roughly 2.2 million bbl/day. PetroCaribe (Cuba, Jamaica and assorted beggar states) get 150,000 bbl./day for next to nothing.

Posted by Shipman 2014-05-18 02:06|| 2014-05-18 02:06|| Front Page Top

#4 That 450K barrels is payback for previous Chinese loans so not much cash flow for PDVSA there.

Posted by Shipman 2014-05-18 02:07|| 2014-05-18 02:07|| Front Page Top

#5 Maybe Joe Kennedy will do a commercial for them...

Posted by tu3031 2014-05-18 02:10|| 2014-05-18 02:10|| Front Page Top

#6 Surrounded by friends with oil rich land and the PA has to get oil from the other side of the world. If I was Israel I would charge $99 / barrel import tax.

Posted by Airandee 2014-05-18 07:11|| 2014-05-18 07:11|| Front Page Top

#7 gonna be interesting on how that oil gets to the Paleos and they try and refine it

Posted by Frank G 2014-05-18 08:50|| 2014-05-18 08:50|| Front Page Top

#8 That's what I was thinking, Frank. Whatta they gonna do with it?

Posted by Deacon Blues 2014-05-18 10:07|| 2014-05-18 10:07|| Front Page Top

#9 Whatever arrives will be all diesel, if any petroleum is shipped it'll be skimmed off at a way point. Or it might be a ghost shipment of petroleum, Vzla is way the hell beyond corrupt.

Posted by Shipman 2014-05-18 10:54|| 2014-05-18 10:54|| Front Page Top

#10 Jimmah Carter will use his good offices to find a way.

Posted by Alaska Paul 2014-05-18 13:07|| 2014-05-18 13:07|| Front Page Top

#11 Does it say how Palestinians will pay for that oil?

Posted by g(r)omgoru 2014-05-18 14:10|| 2014-05-18 14:10|| Front Page Top

#12 I guess they're going to pay for it the same way the other Red Mafia members like Nicaragua, Cuba, the Kennedys, or China do. To illustrate:

WikiLeaks: China Reselling Chavez's Cheap Oil:

President Hugo Chavez's government has sold China oil for as little as $5 a barrel and was upset that China apparently profited by selling fuel to other countries, according to a classified U.S. document released by WikiLeaks.

The report about Chinese companies diverting oil was one of several newly released documents that also describe falling crude output in Venezuela caused by a host of problems within the national oil company Petroleos de Venezuela SA, or PDVSA.

The documents, posted online Monday by the Spanish newspaper El Pais, also showed that American officials have managed to cultivate sources within the state oil company in spite of Chavez's antagonism toward Washington.

The confidential memo from the U.S. Embassy in Caracas on Feb. 26 said a PDVSA director revealed that the state company "had analyzed its crude sales to China and determined that China had only paid $5/barrel of crude on a couple of deals" - a small fraction of the market price...

Posted by Thing From Snowy Mountain 2014-05-18 16:06|| 2014-05-18 16:06|| Front Page Top

#13 $ 5 dollars/bbl, is 11 cents for a gallon of unrefined crude.

They could resell part of it to Egypt at a slight discount to the prevailing rate in exchange for guanxi, refining capacity for the rest...

Posted by Thing From Snowy Mountain 2014-05-18 16:14|| 2014-05-18 16:14|| Front Page Top

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