Venezuela’s state-owned oil company PDVSA now has 10.8 million barrels of crude sitting dockside without a buyer due to US sanctions, according to reports from terminals reviewed by S&P Global Platts Thursday. PDVSA has accumulated 10 additional shipments of Mesa 30, Anaco Wax and Merey 16 crude without a buyer, the reports show. According to the reports, there are three cargoes of 500,000 barrels each of Crudo Mesa 30 that have March 14-16, March 22-24 and March 30-April 1 loading windows.
PDVSA also has five cargoes of Merey 16 with 500,000 barrels each available in March 11-13, 16-18, 21-23, 26-28 and March 30-April 1 windows. There are also two Anaco Wax crude cargoes of 500,000 barrels available with March 13-15 and March 29-April 1 windows. Anaco Wax and Mesa 30 are light crudes with 44.8 degrees API gravity and 0.14% sulfur and 30.1 degrees API and 1.04%S, respectively. Merey 16 is an upgrader crude, diluted with light crude oil with 16.4 degrees API and 2.99%S. All these shipments are in storage, with no assigned destination. No details of the storage location were available.