Published On: Mon, Oct 20th, 2014

Environmental organization protests against Russian oil

oil refineryWILLEMSTAD – Recently it was reported that the Venezuelan Oil Company PDVSA bought two cargoes of Russian Urals light crude from a unit of Petrochina, which is to be delivered to the oil refinery (Isla) in Curaçao early November.

The environmental organization SMOC is protesting against the processing of Russian oil through the Isla refinery. According to the environmental movement this cannot be allowed, because the Kingdom of the Netherlands supports the economic boycott against Russia.

“And Curacao should follow that,” said a representative of the organization. SMOC now wants clarification from the chairmen of the Lower House in the Dutch Parliament. According to the SMOC, Curacao is a separate status associated with the European Union and cannot sail its own course against the EU sanctions.

The Russian crude will be refined at Isla, mainly to produce lubricants. Amidst declining oil production and exports, the Venezuelan State Oil Company is running out of light crudes to use as diluents for its extra heavy output from the Orinoco belt, its main producing region.

With the world's largest crude reserves, Venezuelan's imports of oil are highly controversial. PDVSA is trying to cut costs by replacing naphtha purchases made on the open market with light crudes, while formulating better quality blends that could be sold at higher prices.

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