Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuela’s PDVSA rather than purchasing through trading houses and Chevron, Reuters reports, citing sources familiar with the efforts.
- Phillips 66, Citgo seek to buy heavy crude starting in April
- Upon gaining clearences, Phillips 66 plans to charter tankers to load the crude at PDVSA’s terminals, one of the people told Reuters
- A Phillips 66 spokesperson declined to comment on commercial activity but said the refiner’s Gulf Coast facilities can process a wide range of crude oil and access to heavy crude presents a valuable opportunity: Reuters ...
- A Phillips 66 spokesperson declined to comment on commercial activity but said the refiner’s Gulf Coast facilities can process a wide range of crude oil and access to heavy crude presents a valuable opportunity: Reuters ...