Venezuela stopped shipment from crude to refineries of the USA

Machiques. - Venezuela stopped all the shipments from petroleum to the American refineries Sweeney and Chalmette, today said minister of Energy, Rafael Ramirez, fulfilling the cut of pumping decided by OPEC.

Pdvsa informed days before it had trimmed the usual volumes from provisions to both facilities.

The civil servant indicated in addition that the Organization of Exporting Petroleum Countries (OPEC) could call to a meeting of emergencia by the persistent loss in the prices of the crude one.

It explained that an evident sobresupplying of crude exists in the market and that the inventories at the moment are very high, reason why its country is prepared to continue with the cut policy.

It indicated that Lyondell, the third greater petrochemical company of the world, has a debt of 230 million dollars with Pdvsa. The company/signature presented/displayed this week a protection by bankruptcy.