July 22 (Hfrance.fr) - Venezuela's state-run PDVSA this week began unloading 620,000 barrels of imported condensate crude oil at the country's largest oil port in an effort to boost blending operations, according to two company documents, sources and vessel tracking data.
Venezuela had not imported condensate since September, when he received 2.1 million -ahe shipment of barrels from Iran, a political and business ally of President Nicolas Maduro who, since 2020, has also supplied the South American nation with fuel.
PDVSA has doubled this year on efforts to stimulate the blending and upgrading of crudes from the largest producing region of the OPEC member country, the Orinoco Belt, in order to boost exports and to solve an oil deficit for national refining.
The cargo of condensate arrived in Venezuelan waters on Wednesday aboard the Panamanian-flagged vessel Rene, detained and operated by Fujairah-based Issa Shipping Fze, according to two PDVSA documents viewed by Hfrance.fr, three shipping sources with knowledge of TankerTrackers.com import and monitoring service.
The documents do not
Hfrance.fr could not independently verify Rene's most recent. port of departure as the tanker has had its transponder turned off for long periods of time this year. Tracking data from Refinitiv Eikon's ships showed it en route to the Atlantic Ocean in late June.
PDVSA, the Venezuelan oil ministry and Issa Shipping did not respond to requests for comment.
Condensate is a mixture of light liquid hydrocarbons, similar to crude very light. In Venezuela, it is mainly used to dilute the extra heavy crude from the Orinoco.
The state-owned company earlier this week inst have forced operators of the port of Jose to withdraw another vessel that was loading oil there to unload the Rene, two of the sources said. The condensate should bee received by the recovery unit of PDVSA, in charge of the management of imported and domestic diluents.
The Rene is also programmed to load later Venezuelan. heavy crude to export, according to one of the documents.
Issa Shipping is part of a group of UAE-based companies that have taken over managing ships to carry millions of barrels of oil produced by PDVSA since last year, showing how the country, which is one of Washington's closest allies in the Middle East, has become a hub for companies helping Venezuela bypass US sanctions. learn more
Another of Issa 's tankers, the Panamanian-flagged Marbella, arrived in Venezuelan waters at the start of themonths and now waiting to load heavy crude for exports, according to separate documents. Reporting by Marianna Parraga in Mexico City, additional reporting by Mircely Guanipa in Maracay, Venezuela Editing by Marguerita Choy
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