mo4ch:>Blackout shuts down Venezuela’s oil exports | Mo4ch News

A major blackout in Venezuela has led to the shutdown of the nation’s main export terminal and several heavy crude upgraders operated by PDVSA.US sanctions have already severely impacted oil operations, leaving cargoes stranded off the coast as well as leaving ships idling in the Gulf of Mexico unable to complete sales to US buyers. However, Venezuela has entered a dangerous new phase, with an electricity blackout gripping most of the country.Argus Media reported on Sunday that Venezuela’s main oil export terminal and its heavy crude processing complex in Jose are shut down. “Three heavy crude upgraders and a blending operation that national oil company PDVSA operates with foreign minority partners, as well as petrochemical plants run by Pequiven in Jose, are suspended,” sources told Argus. These projects include the PetroPiar joint venture with Chevron, the PetroMonagas with Rosneft, and the PetroCedeno with Total and Equinor. Combined, the projects ostensibly have a capacity of 450,…