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.

Petronas and Japan's ENEOS Xplora Agree on 10% Stake in Malaysia LNG Plant
04.30.2026 - NEWS
April 30, 2026 [Reuters]- Malaysia’s state energy firm Petronas said it has signed definiti... Read More
Valero Energy Beats Profit Estimates on Strong Refining Performance
04.30.2026 - NEWS
April 30, 2026 [Reuters]- U.S. refiner Valero Energy surpassed Wall Street expectations for first... Read More
PetroChina's First-Quarter Profit Up on Growing Gas and Fuel Sales
04.30.2026 - NEWS
April 30, 2026 [Reuters]- PetroChina, Asia’s largest oil and gas producer, posted a 1.9% ri... Read More
BP Signs Agreement with Venezuela to Develop Offshore Gas Fields
04.30.2026 - NEWS
April 30, 2026 [Reuters]- BP will develop Venezuela’s Cocuina-Manakin gas field, on the mar... Read More