Brazil swaps gasoline with fuel-starved Venezuela

In a swap for future crude oil deliveries from Venezuela, Petroleos Brasileiro SA (Petrobras) has provide 520,000 l. of gasoline to Petroleos de Venezuela SA (PDVSA) to relieve the fuel shortage caused by a general strike that has virtually shut down Venezuela's national oil company (see related story, p. 29).With an estimated 90% of PDVSA employees participating in the strike that began Dec. 2 aimed at ousting Venezuelan President Hugo Chávez, exports of Venezuelan crude and petroleum products have come to a virtual halt, with 40 tankers sitting idle outside that country's ports.Acting on a personal appeal from Chávez, Brazil's President Fernando Henrique Cardoso D...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected