#Trafigura is the US’ single biggest exporter of #Oil

"We touch in excess of 1.5 million barrels per day (bpd) of physical U.S. crude, out of that we export around 500,000 bpd. The rest is domestic"

Trafigura's exports of U.S. crude now account for over a quarter of the country's total since the new Cactus II pipeline started last month, the company's co-head of oil said, making the firm the single biggest exporter. 

https://www.reuters.com/article/united-states-trafigura-oil/rpt-trafiguras-u-s-crude-exports-account-for-over-a-quarter-of-u-s-total-idUSL5N262052?feedType=RSS&feedName=companyNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FcompanyNews+%28News+%2F+US+%2F+Company+News%29

bit.ly/MasterEnergyBlog 

#Curaçao’s Isla #refinery negotiating with Klesch to replace #PDVSA as operator #OOTT

Refinery (RdK) Curacao has chosen Klesch Petroleum as the possible new operator of its stalled Isla Refinery, replacing Venezuela's PDVSA.  Now they have to come an agreement on price—and up to how much they would be liable for with regards to the environmental liability onsite.

Negotiations between RdK and Klesch, based in London and Geneva, are scheduled to continue for three months with the intention of reaching a final agreement in November, RdK said in a statement.

The Isla Refinery has been operated by Venezuelan state PDVSA since 1985 under a rental agreement with the Dutch Caribbean autonomous island government. The agreement has been renewed periodically and the current contract expires in 2019.

See the whole piece here:  Curacao refinery negotiating with Klesch to replace PDVSA as operator:

What impact will new US #sanctions have on #Venezuela's August crude exports? | S&P Global Platts

#PDVSA plans to export 680,000 b/d of crude in August, of which just 43,000 b/d is going to a company with a waiver from the US government, Sweden's Nynas, according to a PDVSA document seen by S&P Global Platts.

That leaves 637,000 b/d of crude exports that could be impacted if buyers are deterred by the US sanctions.

"If US sanctions were extended they could impact 95% of the crude exports planned for August," said the PDVSA official 

See the whole story  on S&P Platts here: https://www.spglobal.com/platts/online:en/market-insights/latest-news/oil/080719-what-impact-will-new-us-sanctions-have-on-venezuelas-august-crude-exports