21MAR2019 - NEWS - PDVSA of Venezuela plans to deliver only 180,000 b/d to Reliance Industries of India during April

Venezuela's state-owned PDVSA plans to deliver only 180,000 b/d of the 300,000 b/d of crude it promised to India's Reliance Industries in April. PDVSA plans to meets its full 60,000 b/d April commitment to Indian refiner Nayara Energy. Privately owned Reliance, which operates two mega-refineries at the Jamnagar complex on India's west coast, has said it will reduce its Venezuelan crude imports in compliance with US sanctions. Reliance also halted sales of diluents like naphtha to Venezuela in the past month. PDVSA depends on imported naphtha to dilute its heavy crude grades.

Published by Editor - www.Livebunkers.com at 21-Mar-2019 05:58:34 [UTC] , contact editor at editor@livebunkers.com