Published On: Wed, May 9th, 2018

BP’s Aframax sheltered in Venezuela to avoid court seizure

bcygnetWILLEMSTAD, CARACAS - Crude oil tanker BRITISH CYGNET with cargo of Russian crude, loaded at Primorsk port, Russia, was diverted to Venezuela waters to avoid seizure, and brought to anchor in Gulf of Venezuela on May 7.

At least two Caribbean courts ordered seizure of PDVSA (Petróleos de Venezuela, S.A. – Venezuelan state-owned oil and natural gas company) assets, after CONOCO Phillips claim, seeking for compensation of company’s $2 billion losses inflicted by nationalization of its’ project in Venezuela in 2007. Russian and the US crude are bought by PDVSA to supply Curacao refinery, where Russian and US crude are mixed with crude from Orinoco Belt oil fields.

Some 8 more tankers were diverted from Curacao and Bonaire and ordered to sail to Venezuelan and Cuban waters. Crude oil tanker BRITISH CYGNET, IMO 9297345, dwt 113782, built 2005, flag Isle of Man, manager BP Shipping Ltd.

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