Venezuela's PDVSA Halts 2 Oil Shipments to Costa Rica
By Jeremy Morgan, Latin American Herald Tribune

The state oil corporation, Petróleos de Venezuela (PDVSA), is said to have abruptly cancelled two shipments of crude oil, each of 280,000 barrels of light oil, to a refinery in Costa Rica.

The refinery was then obliged to resort to the spot market, where it said it intended to seek alternative supplies.

A Caracas-based website, Petrofinanzas, reported that the shipments were contracted for delivery in August and September. The reason why PDVSA cancelled them in a thin market of reduced demand worldwide wasn’t clear.

The absence of an explanation from PDVSA – or, indeed, any public comment about the report prompted speculation that the decision was perhaps politically motivated. It was noted, for instance, that Venezuelan President Hugo Chávez recently lambasted Costa Rican President Oscar Arias for his role in efforts to resolve the ongoing crisis in Honduras.

Chávez claimed that Arias – a Nobel Peace Prize winner – was merely following orders from the State Department in Washington in his unsuccessful effort to get the protagonists in the Honduran crisis to meet and talk. Chávez claimed that Arias’ action was “undignified” of a Latin American president.

Chávez, in turn, is accused of interfering in the Honduran crisis by siding with ousted elected President Manuel Zelaya, after initially being reported to have talked in unspecific terms of military action. Later, he clarified that he had no intention of intervening in the internal affairs of a sovereign state..
 
 
 


 

 

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