Venezuela's PDVSA to reopen damaged port dock by month's end -documents
(Adds context, details on cargoes)
By Marianna Parraga
Sept 12 (Reuters) - PDVSA expects to reopen the south dock
of Venezuela's main oil port Jose by the end of September,
easing strains on crude exports delayed due to a tanker
collision last month, according to internal trade documents from
the state-run oil firm seen by Reuters.
Last week, PDVSA began diverting tankers to Puerto la Cruz
for loading, but the South American country's crude exports have
remained slow in recent weeks as few customers have accepted the
500,000-barrel-per-cargo maximum neighboring terminals can
Besides Puerto la Cruz, tankers waiting to load a total 2.65
million barrels of Venezuelan upgraded and diluted crudes also
plan to be serviced this month by two monobuoys at Jose,
including cargoes scheduled for U.S.-based Chevron Corp
and Russia's Rosneft, the documents showed.
But a 1-million-barrel cargo of diluted crude oil (DCO)
scheduled to be lifted by Rosneft at Jose between late September
and early October was cancelled, according to the documents.
Rosneft and PDVSA in April agreed to a "remediation plan" to
refinance an oil-for-loan agreement after delays to deliver
cargoes of Venezuelan crude on time. DCO shipments scheduled
since then belong to that plan.
PDVSA did not immediately reply to a request for comment.
At least three other 500,000-barrel cargoes for Valero
Energy and PDVSA's U.S. refining unit Citgo Petroleum
plan to be loaded at Jose's available docks and monobuoys in the
coming days, after delays.
Valero also would pick up two additional 600,000-barrel
cargoes of Morichal crude after a maintenance project that would
halt the 150,000-barrel-per-day Petromonagas crude upgrader in
August was again postponed, allowing more production.
PDVSA and its joint ventures exported 1.292 million barrels
per day (bpd) of crude last month, a 7.7 percent decline versus
July, according to Thomson Reuters trade flows data.
The country's oil output fell again in August to 1.448
million bpd, according to numbers reported by OPEC on Wednesday.
Venezuela's accumulated annual production this year is 1.544
million bpd, the lowest since 1950.
(Reporting by Marianna Parraga in Mexico City
Editing by Marguerita Choy)
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