Venezuela exported about 844,000 barrels per day of crude and fuels in June, an 8% increase compared to the previous month, since the loss of the American and European markets was compensated for more cargoes to China, according to maritime data and documents.
At the end of May, Washington canceled a group of licenses authorizing PDVSA oil companies, such as Chevron and Repsol, to take Venezuelan crude to US and European refineries.
Since then, the Venezuelan state has increased its exports to Asia, selling its crude and fuels through intermediaries Little known that negotiate with independent refiners in China.
Loads include Boscan heavy crude, which previously exported Chevron to the United States, according to PDVSA internal documents.
A total of 27 tankers left of Venezuelan waters in June, transporting an average of 844,000 BPD of crude and Refined products, and 233,000 metric tons of by -products and petrochemicals, according to the data.
Oil exports averaged 779,000 BPD in May. The country also sent 329,000 tons of by -products and petrochemicals that month.
Exports to China, both direct and through Transbordo centers, represented approximately 90% of the total Junecompared to 75% in May, according to data and documents. PDVSA also sent about 8,000 BPD to Cuba and some cargoes of methanol and oil coke to Europe and India.
June exports were particularly driven by an update in Boscán crude sales, With three heavy crude shipments, which is used for asphalt production, dispatched to Asia.
These exports are key For PDVSA to avoid cuts in the production of its Boscán oil field, one of the largest in the country.
PDVSA, which filled its storage tanks with imported refined products before the cancellation of licenses, It did not matter diluents in June, according to the data.
