Citgo positions itself as the second recipient of Venezuelan oil in the U.S., according to the EIA
U.S. Energy Information Administration data indicate that in June the refinery handled seven shipments totaling more than 3.2 million barrels of crude.
Citgo Petroleum Corporation (CPC), the refining subsidiary of Petróleos de Venezuela S.A. (Pdvsa) in the United States, positioned itself as the second recipient of Venezuelan oil in the northern American country, after Valero Energy.
According to data certified by the U.S. Energy Information Administration (EIA), the refinery added four consecutive months of rising Venezuelan crude intake in June. In the sixth month of the year, the company recorded seven cargoes totaling more than 3.2 million barrels, averaging 109,300 barrels per day (bpd).
The volume reached in June represented 15% of the total of Venezuela’s oil exports to the U.S., which reached 721,000 bpd—an unprecedented figure in the last nine years.
The company resumed these direct purchases of heavy crude in March and has reduced the export of Colombian oil that was part of an agreement signed with the state energy company Ecopetrol in 2019.
For March of this year, Citgo exported 16,000 barrels of oil per day, and in April the figure increased to 49,000 bpd. In the fifth month of the year, purchases of Venezuelan crude stood at 80,000 barrels per day, and for June, the figure was 109,300 bpd, Petroguía reported.
#EEUU #venezuela #petróleo #Citgo #PDVSA $CL $BZ
U.S. Energy Information Administration data indicate that in June the refinery handled seven shipments totaling more than 3.2 million barrels of crude.
Citgo Petroleum Corporation (CPC), the refining subsidiary of Petróleos de Venezuela S.A. (Pdvsa) in the United States, positioned itself as the second recipient of Venezuelan oil in the northern American country, after Valero Energy.
According to data certified by the U.S. Energy Information Administration (EIA), the refinery added four consecutive months of rising Venezuelan crude intake in June. In the sixth month of the year, the company recorded seven cargoes totaling more than 3.2 million barrels, averaging 109,300 barrels per day (bpd).
The volume reached in June represented 15% of the total of Venezuela’s oil exports to the U.S., which reached 721,000 bpd—an unprecedented figure in the last nine years.
The company resumed these direct purchases of heavy crude in March and has reduced the export of Colombian oil that was part of an agreement signed with the state energy company Ecopetrol in 2019.
For March of this year, Citgo exported 16,000 barrels of oil per day, and in April the figure increased to 49,000 bpd. In the fifth month of the year, purchases of Venezuelan crude stood at 80,000 barrels per day, and for June, the figure was 109,300 bpd, Petroguía reported.
#EEUU #venezuela #petróleo #Citgo #PDVSA $CL $BZ
