The decision of the president of PDVSA, Pedro Tellechea, to suspend the contracts pending an audit has stopped the loading and unloading of oil and derivative products in the port of José, in western Venezuela, except for Chevron and the Cuban shipping company. cubametales, according to two people familiar with the situation. PDVSA declined a request for comment.
The company’s decision is halting PDVSA’s exports because sales paperwork is suspended pending the signatures of incoming managers, one of the people said. Tellechea ordered the audit after allegations of losses on fully loaded but not fully paid shipments.
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The contracts of Chevron they have not been affected. So far, it has exported 1.5 million barrels of Hamaca crude from Venezuela since early January.
When Tellechea assumed command of the state oil company on January 6, he annulled business contracts and suspended decisions that allegedly compromised the company’s financial resources.
Tellechea’s appointment by President Nicolás Maduro is the latest decision to rock the company that provides most of the struggling government’s foreign earnings. Venezuela was producing around 660,000 barrels a day at the end of last year, up from almost 3 million barrels a decade ago.
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Source: Gestion
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