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Venezuela's PDVSA fixes second VLCC of Algerian Saharan crude oil: sources

A second cargo of Algeria's Saharan crude bound for Venezuela has been fixed to load on a VLCC, under a new deal between the two countries' state-owned companies, PDVSA and Sonatrach, shipping sources said Wednesday.

A second cargo of Algeria's Saharan crude bound for Venezuela has been fixed to load on a VLCC, under a new deal between the two countries' state-owned companies, PDVSA and Sonatrach, shipping sources said Wednesday.

The Venezuelan refiner has fully fixed the Boston vessel to carry a 270,000 mt crude cargo from Algeria to Venezuela, with loading expected to commence on October 25, according to sources.

This is the second VLCC carrying Saharan crude to head to Venezuela this month, after the Carabobo loaded a cargo from Bejaia on October 11.

"This is an exotic new trade flow," said a shipbroker.

platts.com
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platts.com
Published on:
October 23, 2014
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http://www.platts.com/latest-news/oil/london/venezuelas-pdvsa-fixes-second-vlcc-of-algerian-26911557
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