Confusion over PetroCaribe's future

[Eugene]

Source: Jamaica Observer

Confusion over PetroCaribe's future

Friday, June 15, 2018

Energy Minister Dr Andrew Wheatley says that a discontinuation of the sale of crude oil to Jamaica by Venezuela would have no effect on the availability of petroleum here.

Dr Wheatley told the Jamaica Observer yesterday that the last shipment of petroleum products Jamaica received from Venezuela was in May 2017.

“It wouldn't affect us if we do not get any crude from Venezuela, because for a little over a year now we have not been getting any crude oil, and we have been buying petroleum products from Petrotrin (Trinidad and Tobago), and crude from the Gulf area and countries like Ecuador,” he said.

Wheatley was responding to contradictory reports coming out of the Eastern Caribbean, suggesting that Venezuela may be discontinuing the sale of petroleum products under the PetroCaribe agreement within the region.

A report was carried by the Antigua Observer on Wednesday, stating that the move comes as a result of falling crude production and low refinery utilisation. However, the Government of Antigua and Barbuda described the report as “fake news” according to the Caribbean Media Corporation.

-snip-

Read more: http://www.jamaicaobserver.com/news/confusion-over-petrocaribe-s-future_135960?profile=1373

[GatoGordo]

1. The confusion is giving way to reality. PdVSA is dying

Cuba is essentially making all of the decisions in Venezuela, to the point where the oil that PdVSA is able to sell is being used to purchase fuel oil and gas for Cuba and NOT Venezuela.

Conoco Phillips has started a tidal wave of trouble for Maduro et alli. Every port outside of Venezuela is fair game for Conoco Phillips. Tankers cannot port in Venezuela because... Chavismo neglected them for the last 19 years and only two are operating with a skeleton crew. Their storage is full, which is buggering up everything else down the line.

https://oilprice.com/Energy/Crude-Oil/Venezuela-Forced-To-Shut-Down-Production-As-Operations-Fall-Apart.html

Maduro, Delcy and Diosdado will ride it as long as they can, but once the money runs out... no food for CLAP boxes that he uses to garner support.