PetroChina agrees deal to buy fuel oil from Venezuela

Fri 25 Jul 2014, 11:57 GMT

PetroChina agrees deal to buy fuel oil from Venezuela

Petróleos de Venezuela S.A. (PDVSA) to supply 100,000 barrels per day over the next three years.

PetroChina has inked a contract to purchase fuel oil from Petróleos de Venezuela S.A. (PDVSA), according to media reports.

Under the oil trading contract, the Chinese energy firm will buy 100,000 barrels of fuel oil per day from PDVSA over the next three years.

The president of PetroChina, Wang Dong, is cited as saying that the company's oil trading volume with Venezuela will reach 790,000 barrels per day in 2014, adding that the new contract would further strengthen PetroChina's oil and gas operations in the Americas and enhance its participation in the international oil and gas market.

Deal China Venezuela


		Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages \| Rahul Choudhuri, VPS Managing fuel quality deterioration following the closure of the Strait of Hormuz.

		Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.

		Bunker Holding seeks risk specialist for Copenhagen internal pricing desk Danish bunker group is expanding its internal pricing team to meet growing demand for fixed-price solutions.

		Biofuel demand could surge 70% by 2030 as food price fears mount T&E warns governments risk trading an oil crisis for a food crisis as biofuel targets strain vegetable oil and fertiliser markets.

		Shore power shifts from voluntary measure to compliance requirement, DNV white paper finds Shore power is moving from an optional emissions tool to a regulatory obligation for shipowners in key trades.

		Baker Hughes’ NovaLT 16 gas turbine receives RINA type approval for marine propulsion on hydrogen and natural gas Certification covers operation on natural gas and blends up to 100% hydrogen for marine use.

		ABS grants approval in principle for nuclear reactor integration in cargo vessel design ABS, HD KSOE, Capital Maritime Group and MIT have received approval in principle for a nuclear-powered cargo vessel propulsion system.

		Green e-fuel export corridor between Brazil and Belgium advances to feasibility stage A consortium has been formed to develop a green e-fuel corridor linking Porto do Açu to Antwerp-Bruges.

		Sallaum Lines takes delivery of two LNG-fuelled PCTCs in simultaneous handover ceremony RoRo carrier receives MV Ocean Express and MV Ocean Navigator from Chinese shipyard.

		Agastya Group signs MoU with Andhra Pradesh government for 1 MTPA green methanol hub at Mulapeta Port India-based Agastya Group plans a $6.5bn green methanol export facility on the country's east coast.