Pdvsa makes invitation to buy shipment of Urals crude oil

State-run oil company Pdvsa has made an invitation to purchase a shipment of 700,000 barrels of Russian Urals crude oil to be delivered on February 15-18, 2015 in Curacao, brokers told Reuters on Monday.

 

It is the third bidding made by Pdvsa to buy Russian Urals crude oil as part of an open market operation. Last month, the firm awarded a division of Russian Lukoil a shipment of 700,000 barrels of crude oil slated to be received the week of January 26-30.

 

The shipment is to be delivered at Bullenbay port (Curacao) and processed at Pdvsa-operated Isla refinery. The move will partially replace the supply of Venezuelan Mesa 30 crude oil that has been used in the plant over the past years.

 

The company will accept tenders indexed to Brent prices. Payments will be effective 30 years after unloading the shipment.