Monday, April 4, 2011

Argentina Venezuela Venezuela/Argentina.- send 12 million barrels of fuel

CARACAS, April 4. (Reuters) - Venezuela will send about 12 million barrels of fuel to Argentina from May, at a time when attempts to reduce domestic consumption to free export barrels, has reported a director of Petroleos de Venezuela (PDVSA) . Hugo Chavez's government has maintained for several years a wide cooperation with Argentina, which involved the supply of Venezuelan oil for the electricity sector in that country, in exchange for goods and agricultural equipment.

"In Argentina we have a contract to supply 12 million barrels of fuel a year (...) and this supply starts from the month of May," said Asdrubal Chavez, vice president of Marketing and Supply of PDVSA, In an interview with VTV official chain in which he discussed the consequences of Chavez's tour of Uruguay, Argentina and Bolivia.

The executive has detailed the total fuel to be sent, 9 million for fuel oil and 3 million diesel. The severe energy crisis that hit Venezuela in 2010 - forcing the rationing of light - scary again this week, after several power failures and the sabotage of a pipeline in Colombia produced blackouts in eight states and cause prolonged paralysis Metro de Caracas.

One of the problems that industry experts blame the rapid growth of diesel consumption by the electricity sector, which has affected the export volume of derivatives in recent years and has created the need to put a ceiling on domestic demand . Chavez attended last Friday ceremony to inaugurate the construction of 16 barges for PDVSA Tandanor by the shipyard as part of their encounter with Argentina's President Cristina Fernandez de Kirchner.

PDVSA's vice president said the goal is to increase the presence of PDVSA in the call Paraná Waterway, which runs through Bolivia, Brazil, Uruguay, Paraguay and Argentina. "The barges require an investment of about $ 84 million (...) We will be taking beyond our fuels, including coke, and bring food there," he emphasized.

It has also indicated that the regasification plant for several years the two countries negotiated plan to be installed on Argentine soil in mid-2012, but did not specify their capacity or gas supply to meet Venezuela would use that infrastructure.

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