At Least 15 Million Barrels Caught Up in Turkish Tanker Impasse
By Firat Kozok, Selcan Hacaoglu and Sherry Su (Bloomberg) — Turkey dug in on an insistence that oil tankers navigating its waters must prove they’re insured to do so, leaving a...
Nov 5 (Reuters) – An oil tanker owned by Venezuelan state oil company Petroleos de Venezuela’s maritime division is undergoing repairs in Cuba after suffering a fire while discharging last week, four people familiar with the matter said this week.
The Aframax-sized vessel Teseo had set sail from Venezuela’s Cardon port with about 500,000 barrels of fuel oil for power generation on Oct. 20, destined for Cuba’s Felton port, according to an internal PDVSA document and Refinitiv Eikon ship tracking data.
The fire started in the Panama-flagged tanker’s engine room and was attributable to lack of proper maintenance by cash-strapped PDVSA, two of the people said. The fire was controlled relatively quickly and there were no injuries to crew, one of the people said.
The incident took place as the United States, which has sanctioned PDVSA to try to oust Venezuelan President Nicolas Maduro, seeks to disrupt oil trade between the South American country and Cuba, which are close ideological allies labeled dictatorships by Washington.
The Trump administration says Cuba provides Maduro with security assistance in exchange for heavily discounted oil. Dozens of countries, including the United States, accuse Maduro of rigging his 2018 re-election and violating opponents’ human rights in his bid to stay in power.
Neither PDVSA nor Cuba’s government responded to requests for comment.
Maduro accuses the United States of seeking to oust him in a coup to seize control of Venezuela’s oil wealth. (Reporting by Marianna Parraga in Mexico City and Mircely Guanipa in Maracay, Venezuela Additional reporting by Nelson Acosta in Havana Writing by Luc Cohen)
(c) Copyright Thomson Reuters 2020.
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