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Caribbean-Latin America
Venezuela To Send Oil To Palestinians
2014-05-18
[Ynet] During PA President's stay at Caracas, Venezuelan President says country will provide shipment of 240,000 barrels of oil to PA; Abbas thanks Venezuela for support in 'breaking Israel's monopoly on our economy.'
Won't China disapprove? I thought they'd pre-bought all Venezuela's production in perpetuity.
Venezuelan President Nicolas Maduro pledged Friday to send oil and diesel to the Paleostinian Authority, as part of agreements signed with its leader the ineffectual Mahmoud Abbas
... a graduate of the prestigious unaccredited Patrice Lumumba University in Moscow with a doctorate in Holocaust Denial...
during his visit to Caracas.

Venezuela, which sits atop the world's largest oil reserves, said it would provide an initial shipment of 240,000 barrels of oil, but gave no details as to how it would send them.

"Thanks to Venezuela for supporting Paleostine... to break Israel's monopoly on our economy, for your response to our needs, for your willingness to support the Paleostinian people in their long struggle," Abbas said, according to an official translation.

During the meeting, Maduro also agreed to support the Paleostinian Authority's quest to be granted observer status in three Latin American regional organizations: the Union of South American Nations (UNASUR), the Bolivarian Alliance for the Peoples of Our America (ALBA) and the Community of Latin American and Caribbean States (CELAC).

"The Paleostinian people have the right to maintain commercial relations with the world as well," Maduro said.

During his third visit to Venezuela in five years, Abbas visited the grave of Maduro's predecessor, longtime leader Hugo Chavez, who died of cancer last year.

Abbas arrived in Caracas on Thursday after meeting with US Secretary of State John F. I was in Vietnam, you know Kerry
Former Senator-for-Life from Massachussetts, self-defined war hero, speaker of French, owner of a lucky hat, conqueror of Cambodia, and current Secretary of State...
in London the day before, a first since the grinding of the peace processor between the Paleostinians and Israelis collapsed.

Abbas's visit comes amid months of at times bloody protests that have rocked Venezuela since February.

Maduro has called the unrest, which has claimed at least 42 lives, a coup attempt backed by the United States, raising tensions with Washington, which has repeatedly denied the claim.
Posted by:trailing wife

#13   $ 5 dollars/bbl, is 11 cents for a gallon of unrefined crude.

They could resell part of it to Egypt at a slight discount to the prevailing rate in exchange for guanxi, refining capacity for the rest...
Posted by: Thing From Snowy Mountain   2014-05-18 16:14  

#12  I guess they're going to pay for it the same way the other Red Mafia members like Nicaragua, Cuba, the Kennedys, or China do. To illustrate:

WikiLeaks: China Reselling Chavez's Cheap Oil:
President Hugo Chavez's government has sold China oil for as little as $5 a barrel and was upset that China apparently profited by selling fuel to other countries, according to a classified U.S. document released by WikiLeaks.

The report about Chinese companies diverting oil was one of several newly released documents that also describe falling crude output in Venezuela caused by a host of problems within the national oil company Petroleos de Venezuela SA, or PDVSA.

The documents, posted online Monday by the Spanish newspaper El Pais, also showed that American officials have managed to cultivate sources within the state oil company in spite of Chavez's antagonism toward Washington.

The confidential memo from the U.S. Embassy in Caracas on Feb. 26 said a PDVSA director revealed that the state company "had analyzed its crude sales to China and determined that China had only paid $5/barrel of crude on a couple of deals" - a small fraction of the market price...
Posted by: Thing From Snowy Mountain   2014-05-18 16:06  

#11  Does it say how Palestinians will pay for that oil?
Posted by: g(r)omgoru   2014-05-18 14:10  

#10  Jimmah Carter will use his good offices to find a way.
Posted by: Alaska Paul   2014-05-18 13:07  

#9  Whatever arrives will be all diesel, if any petroleum is shipped it'll be skimmed off at a way point. Or it might be a ghost shipment of petroleum, Vzla is way the hell beyond corrupt.
Posted by: Shipman   2014-05-18 10:54  

#8  That's what I was thinking, Frank. Whatta they gonna do with it?
Posted by: Deacon Blues   2014-05-18 10:07  

#7  gonna be interesting on how that oil gets to the Paleos and they try and refine it
Posted by: Frank G   2014-05-18 08:50  

#6  Surrounded by friends with oil rich land and the PA has to get oil from the other side of the world. If I was Israel I would charge $99 / barrel import tax.
Posted by: Airandee   2014-05-18 07:11  

#5  Maybe Joe Kennedy will do a commercial for them...
Posted by: tu3031   2014-05-18 02:10  

#4  That 450K barrels is payback for previous Chinese loans so not much cash flow for PDVSA there.
Posted by: Shipman   2014-05-18 02:07  

#3  China gets about 450,000 bbl/day out of an exportable total of roughly 2.2 million bbl/day. PetroCaribe (Cuba, Jamaica and assorted beggar states) get 150,000 bbl./day for next to nothing.
Posted by: Shipman   2014-05-18 02:06  

#2  Won't China disapprove? I thought they'd pre-bought all Venezuela's production in perpetuity.

I don't know the exact terms. I don't know which branch of the Red Mafia is running things there this week either.
Posted by: Thing From Snowy Mountain   2014-05-18 00:52  

#1  "According to OGJ, Venezuela had 1.28 million bbl/d of crude oil refining capacity in 2012, all operated by PdVSA. The major facilities include the Paraguana Refining Center (955,000 bbl/d), Puerto de la Cruz (195,000 bbl/d), El Palito (126,900 bbl/d), and San Roque (5,200 bbl/d)."
Posted by: Gerthudion Peacock5655   2014-05-18 00:47  

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