PetroChina's Jieyang Refinery to Receive First Venezuelan Oil Cargo
03.22.2024 By Tank Terminals - NEWS

March 22, 2024 [Reuters]- PetroChina’s Jieyang refinery will receive its first direct crude oil cargo from Venezuela this weekend, according to trade sources and shiptracking data on Kpler, after Washington temporarily lifted sanctions on the OPEC producer.


The 2 million barrels of Venezuelan Merey crude onboard supertanker Elysia is due to arrive at Jieyang on March 24, Kpler data showed.

PetroChina did not immediately respond to a request for comment.

Reuters reported in November that state oil company Petroleos de Venezuela SA (PDVSA) and PetroChina were in talks for a crude supply deal during the six-month reprieve.

Washington last year relaxed sanctions on Venezuela’s oil industry in return for promises to open its presidential election to international observers and allow the opposition to choose its candidate, which has not happened.

If the U.S. does not renew next month the license granted in October that lifted sanctions, PDVSA would probably return to using intermediaries to sell its oil to buyers such as China, likely at discounts.


Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

China's Natural Gas Production Surged in First Half of 2024
07.15.2024 - NEWS
July 15, 2024 [Oilprice]- China’s natural gas production increased by 6% in the first half of t... Read More
Fore Part of Hull Launches in China for ‘World’s Largest FPSO Unit’
07.15.2024 - NEWS
July 15, 2024 [Offshore Energy]- Chinese state-owned engineering company ZPMC has launched the fo... Read More
Stolthaven Terminals and GES to Operate Brazil’s First Green Ammonia Export Terminal
07.15.2024 - NEWS
July 15, 2024 [Storage Terminals Magazine]- Stolthaven Terminals, in collaboration with Global En... Read More
ADCC Pipeline Starts Delivering Gas to Cheniere’s Corpus Christi LNG Plant
07.15.2024 - NEWS
July 15, 2024 [LNG Prime]- The ADCC pipeline has started delivering natural gas to Cheniere’s C... Read More