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Citgo recieves second Jones Act waiver after Colonial Pipeline shutdown

May 17/2021

MOSCOW (MRC) -- US refiner Citgo was granted the second Jones Act waiver by the US government after a cyberattack shut the Colonial Pipeline, the biggest US fuel pipeline, late in the first week of May, reported Reuters with reference to two sources familiar with the matter.

At the same time, Valero received the first Jones Act waiver, Reuters reported yesterday.

Earlier Friday the US Department of Homeland Security said it approved a second Jones Act waiver request to a company to ease fuel supply constraints between Gulf Coast and East Coast ports, but did not name the company.

Citgo did not immediately respond to a request for comment.

As MRC wrote previously, Valero Energy chartered an oil products' tanker for storage in the US Gulf Coast on 7 May amid a cyber attack that shut the Colonial pipeline. The tanker, called the Nave Titan, was then in the Mississippi River in southern Louisiana, according to Refinitiv Eikon shipping data. Nave Titan can hold up to 330,000 barrels of oil, according to the tanker data.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP block copolymer, homopolymer PP, propylene, LDPE, HDPE, ethylene, petrochemistry, Citgo petroleum corporation, Valero, Russia, USA.
Category:General News
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