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Refiner Marathon to replace Venezuela crude with Middle East, Latin America imports

February 08/2019

MOSCOW (MRC) - U.S. refiner Marathon Petroleum Corp would replace crude oil from Venezuela with imports from the Middle East and Latin America, a top company executive said Reuters.

"We see those replacement barrels being...Arabian Gulf barrels, as well as predominantly, Latin American barrels," Rick Hessling, a senior vice president at Marathons MLP unit, said on a post-earnings conference call.

The U.S. imposed sweeping sanctions on Venezuelas state-run oil company PDVSA last week to curb OPEC members crude exports to the United States and pressure Venezuelas socialist President Nicolas Maduro to step down.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Marathon.
Category:General News
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