Re: Conoco moves to take over Venezuelan PDVSA's Caribbean assets -sources

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prezone

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Re: Conoco moves to take over Venezuelan PDVSA's Caribbean assets -sources

in response to

Conoco moves to take over Venezuelan PDVSA's Caribbean assets -sources

KRY_Chaser

posted on May 07, 2018 12:46AM

Not a bad score.

https://www.theglobeandmail.com/business/international-business/article-conocophillips-moves-to-take-over-venezuelan-pdvsas-caribbean-assets/

...

Over 4 million barrels of Venezuelan crude were retained in Statia following the court order, according to one of the sources. The San Antonio Texas-based firm did not respond to a request for comment.

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“This is terrible (for PDVSA),” said a source familiar with the court order of attachment. The state-run company “cannot comply with all the committed volume for exports” and the Conoco action imperils its ability to ship fuel oil to China or access inventories to be exported from Bonaire.