Venezuela’s state-run oil company PDVSA has bought new cargoes of Nigerian crudes for delivery at Bullenbay – where it operates a storage and blending terminal – on the Caribbean island of Curacao.
The first three cargoes of Nigerian Bonny Light and Bonga crudes, 1 million barrels each, were bought from oil firm Royal Dutch Shell and were discharged from June to July.
The most recent cargo of African crude bought by PDVSA was loaded this week with Nigerian crude on tanker Seavoyager at Bonny Offshore Terminal and it is now on its way to Curacao. This cargo was also sold by Shell, traders said.
Venezuela, with vast oil reserves, started importing light crude last year for first time in its history and since then it has bought Algerian, Nigerian, Russian and Angolan light and medium grades. Most of the oil is being used as diluents for its extra heavy oil to formulate exportable blends.