当前位置：新闻动态
Venezuela's PDVSA freezes most oil exports for contract reviews
来源：shippingazette 编辑：编辑部 发布：2023/02/03 14:52:33
PDVSA new chief executive Pedro Rafael Tellechea has suspended most oil export contracts while his team reviews them to avoid payment defaults, reports Reuters.
Since US trading sanctions were first imposed on PDVSA in 2019, the company has increasingly resorted to middlemen to assign its oil exports, causing big price discounts and problems with its cash flow.
The freeze order is leading to port delays, as vessels that were loading have been sent away and are waiting for new directions, the people said.
Mr Tellechea recently wrote to the heads of the company's divisions of supply and trade, domestic market, international market, finances and foreign affairs and notified them of the contract suspensions.
The letter did not specify how long the freeze would last.
The suspension so far has affected little-known firms that work in PDVSA's sales to Asian refiners.
Cargoes chartered by US oil firm Chevron Corp CVX.N and Cuba's Cubametales have not been affected by the contract revision.
As of January 17, most berths at Venezuela's main oil terminal, Jose port, were empty and over a dozen vessels were at the anchorage area waiting for instructions.
Since US trading sanctions were first imposed on PDVSA in 2019, the company has increasingly resorted to middlemen to assign its oil exports, causing big price discounts and problems with its cash flow.
The freeze order is leading to port delays, as vessels that were loading have been sent away and are waiting for new directions, the people said.
Mr Tellechea recently wrote to the heads of the company's divisions of supply and trade, domestic market, international market, finances and foreign affairs and notified them of the contract suspensions.
The letter did not specify how long the freeze would last.
The suspension so far has affected little-known firms that work in PDVSA's sales to Asian refiners.
Cargoes chartered by US oil firm Chevron Corp CVX.N and Cuba's Cubametales have not been affected by the contract revision.
As of January 17, most berths at Venezuela's main oil terminal, Jose port, were empty and over a dozen vessels were at the anchorage area waiting for instructions.