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BP tanker carrying U.S. crude discharged at Curacao after 100-day wait

Sep. 26, 2016 6:28 PM ETBP p.l.c. (BP) StockBPBy: Carl Surran, SA News Editor1 Comment
  • A BP tanker carrying more than a million barrels of U.S. light crude finished discharging at Curacao today after a more than three month wait related to payment delays from Venezuela's state-run PDVSA, Reuters reports.
  • PDVSA in March awarded BP a tender to import up to 8.2M barrels of U.S. crude for Q2, but payment delays have since April created bottlenecks to discharge several cargoes.
  • PDVSA had a pending $57.2M payment for the cargo, which loaded in early June and became the 10th shipment of U.S. crude sent by BP to PDVSA as part of the tender, but another three vessels carrying U.S. light crude sold by BP to PDVSA are still waiting to discharge around Curacao, according to the report.

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