San Antonio’s NuStar Reportedly Stops Venezuela’s Oil Company From Using Caribbean Terminal
10.25.2017 - NEWS

October 25, 2017 [San Antonio Express News] - Missed payments are forcing San Antonio-based NuStar Energy to stop Venezuela’s state-run oil company PDVSA from using its Statia oil terminal, according to a Reuters report.


Missed payments are forcing San Antonio-based NuStar Energy to stop Venezuela’s state-run oil company PDVSA from using its Statia oil terminal, according to a Reuters report.

On Friday Reuters reported that NuStar was stopping PDVSA from using its 14.4 million barrel storage terminal on the Caribbean island of St. Eustatius because PDVSA owes the San Antonio company more than $26 million in charges.

The recent action by NuStar came after an oil trader, Trafigura, was attempting to retrieve the PDVSA crude oil after buying it at auction.

NuStar, which manages pipelines and storage terminals throughout the world, said it could not comment on the operations of its customers.

The charges are nearly a years worth oil storage fees, according to Reuters, which had said in June that PDVSA was paying approximately $2.3 million a month to lease 5 million barrels of crude storage at the St. Eustatius facility.

NuStar’s action comes months after Reuters reported PDVSA expanded its storage at the St. Eustatius terminal after it terminated its contract with Houston-based Buckeye Partners in June. The contract termination came after payment disputes between PDVSA and Buckeye. 

—————————-

TankTerminals.com – Research, Market and Expand Your Presence within the Tank Storage Industry Learn more.

BP Exits Bay du Nord Oil Project, Leaving Equinor as Sole Owner
07.06.2026 - NEWS
July 06, 2026 [Reuters]- BP has agreed to sell its stake in the Bay du Nord offshore oil project ... Read More
Glenfarne, BGN Sign HoA for LNG Supply from Texas LNG
07.06.2026 - NEWS
July 06, 2026 [Offshore Technology]- Glenfarne Global Commodities, the liquefied natural gas (LNG... Read More
UAE's ADNOC Launches Combined LNG Marketing and Trading Platform
07.06.2026 - NEWS
July 06, 2026 [Reuters]- UAE state oil giant ADNOC launched a new liquefied natural gas marketing... Read More
Oil and Gas Supply Chain Strategy: Why Energy Flows Are Now Strategic Infrastructure
07.06.2026 - NEWS
30 Jun 2026 [ Logisticsviewpoints ]- Oil and gas is commonly described in terms of commodities, ... Read More