A view of CITGO's Corpus Christi refinery in Texas, USA. Photo: CITGO.
Guyana is selling crude oil extracted from the Venezuelan territory of Essequibo to the United States. The crude oil is then being refined in the Corpus Christi (Texas) refinery belonging to CITGO, a US subsidiary of Venezuelan state-owned oil company Petróleos de Venezuela (PDVSA), stolen by the US government in collusion with coup-monger Juan Guaidó.
According to a report published on the portal Argus, CITGO’s Corpus Christi refinery in Texas, with a capacity of processing 167,500 barrels per day (bpd), received three shipments of one million barrels of Payara Gold crude from Guyana in May.
Un petróleo robado a Venezuela abastece la refinería robada a Venezuela.
👇🏾👇🏾👇🏾👇🏾
Petróleo guyanés abastece refinería de CITGO y se abre cada vez más espacio en el mercado de EEUU https://t.co/2CqHz6sr3I vía @bancaynegocios— Madelein Garcia (@madeleintlSUR) May 31, 2024
This is a considerable increase from when the refinery processed 60,000 bpd in April and 32,000 bpd in March.
According to data from Vortexa, a company that analyzes data on oil and petroleum derivatives, Guyana has increased its crude oil shipments to Europe, the US West Coast, and the Gulf of Mexico coast.
The company also reported that Guyana is trying to take advantage of the predicted fall in production in Mexico to take over that market.
“Given the expectation of depressed Mexican crude exports going forward, the push and pull for Guyanese barrels between the US and Europe is likely to be stronger than ever,” commented market analyst Matt Smith.
Translation: Orinoco Tribune
OT/SC/SF
