Followers | 7 |
Posts | 604 |
Boards Moderated | 0 |
Alias Born | 03/08/2017 |
Tuesday, June 13, 2017 1:45:54 PM
Venezuela's state-run oil company PDVSA is moving millions of barrels of oil from a Bahamas oil storage facility after terminating a contract with U.S. owner Buckeye Partners (BPL -0.2%), Reuters reports.
BPL and PDVSA had tried to resolve payment delays and other problems that stalled some shipments, but PDVSA decided to shift its oil to the Statia terminal, operated by NuStar Energy (NS +1.1%), at the neighboring St. Eustatius island, according to the report.
PDVSA's contract with BPL reportedly included storage for up to 6M barrels of crude and fuel oil and was due to expire in December, but PDVSA decided to end the lease in advance.
Reuters says BPL had intermittently suspended PDVSA from moving its stored oil out of the Bahamas terminal - the Caribbean's largest - since last year over monthly payment delays.
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM