Monthly Archives: April 2013

US-Venezuela fuel trade plummets

Both ways, this month.

US purchases of oil and refined products from Venezuela fall to 601,000 barrels a day in February. Other than a couple months of oil strike 10 years ago, the February purchases were the lowest by the US since February 1986, according to the US Energy Information Administration.

Screen Shot 2013-04-30 at 2.15.49 AM

Please examine closely to determine trend

Shipments of southbound fuel also slowed dramatically, with conventional gasoline shipments from the US to Venezuela falling to 7,000 barrels a day from 113,000. That’s a 94 percent decline. That, plus the recovery of MTBE shipments (from 0 in January to 22,000 barrels a day in February) indicate Venezuela’s refineries are getting back on line.

 

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Personal to US Department of the Treasury

I already told you, this guy is just misunderstood. No matter how many times you re-read the article, that won’t change. He did not, repeat not, offer Diosdado Cabello mutual benefits in return for a management contract of Citgo. That was inserted in the mail by someone else. He was hacked, ok? What part of hacked do you and Anthony Weiner’s wife not understand?

Back to our normally scheduled silence…

The most misunderstood man in Puerto Rico (PDVSA, Enfusa)

Click for PDF of letter

Click for PDF of letter

Messages supposedly sent to Diosdado Cabello, president of Venezuela’s legislature, were disclosed over the weekend on various websites opposed to the Venezuelan government. The hack appears real: the documents attached there would be tough to forge, such as the full report of an opinion poll or internal campaign documents. So far, Cabello himself hasn’t commented publicly on the situation, and he didn’t reply to my e-mail for comment.

The messages are mostly boring. Among my few surprises: some Chavistas write to one another in the ALL CAPS that one finds on less-respectable message boards. And IVAD, a Chavista opinion pollster, uses the insulting term “marginal” for people of lower economic class (see page 6 of linked document)*.

The document that most grabbed my attention was a note from a company called Enfusa, in Puerto Rico. The mails show that CEO Manuel Santos first wrote to offer President Chávez and all his closest deputies access to some doctor who has the secret cure for cancer. Then, March 6, another note, with the subject “Vice president Maduro let President Chávez die” — maybe not the most politically correct thing to say about the country’s new acting president.

But the good one was sent March 12 (my translation): Continue reading

PDVSA faces $100 million lawsuit over ambassador’s alleged con man links

Screen Shot 2013-04-16 at 11.42.21 PMPDVSA, Venezuela’s state oil company, will have to defend itself in US court in a bizarre $100 million case that involves the Venezuelan ambassador to Nigeria, a 2-person law firm in Mississippi, a white-haired Caribbean con man and imaginary tankers full of fuel.

It all started in 2006, when the Nigerian government created a new state fuel import company called Skanga Energy & Marine. Managing Director Christian Imoukhuede approached Venezuelan representatives in his country about buying diesel and gasoline. According to Skanga’s lawsuit, he spoke to Enrique Arrundell, Venezuela’s trade consul, who told him he’d have to work with an agent, rather than buying directly. The agent was a company called Arevenca. Continue reading

Coincidences

1PDVSA, Venezuela’s state oil company, sent a statement at 2:24 pm showing that workers in the western division “continue activities in support of President Nicolas Maduro.” They “reject the violent acts registered in various states of the country that have accounted for the deaths of eight Venezuelans and numerous material damages.”

Then at 4:27 pm, the same company sent a statement saying a small fire in a pump at the Cardón refinery had been controlled.

Reminds me a bit of how the huge pipeline spill in Maturín last year happened on a day when the workers were in Caracas for a political rally, celebrating the 20th anniversary of Hugo Chávez’s failed coup attempt of February 4, 1992.

Coincidences.

Odd items in Chile census

With apologies to those who might have seen this earlier on my Twitter feed, at @guacamayan, here are a few oddities of the new Chile census figures.

Religion: Fewer than half the people 15-29 in the Bio Bio region declare themselves Roman Catholic. That is the only group in the country where Catholicism fails to make a majority. The bulk of those who aren’t Catholic are Protestant/Evangelical.

Migration: More than 60% of the immigrants from the Dominican Republic, Poland, the Philippines and Russia were female, while more than 60% of those from Pakistan, Iran, Morocco, Saudi Arabia, Turkey, Haiti, Egypt, Lebanon, India and Portugal were male. I don’t see much of a pattern there, except that the Middle East-North Africa group tends to be quite male. Continue reading

Access journalism, done right: The Serafino Iacono case

Tommy Humphreys of CEO.ca traveled in Colombia with Frank Giustra and Serafino Iacono. He got rare face time with Iacono, who as chairman of Pacific Rubiales Corp. and a group of mining and infrastructure companies is a particularly alluring subject for media scrutiny. The article is basically positive and ever-so-cheery (“Net net, the future is bright for Colombia, and Fino and Frank’s Blue Pacific is moving along at a rapid pace.” Fino and Frank? Really? And net net? WTF) but heck, there is a place for this stuff. There’s no harm in hearing the founders of a bunch of companies, giving us their pitch. Sure, the pitch is not very heavy on content, but it’s ok, it gives you some sense of how Iacono and Giustra have done well in Colombia.

What makes this article fun are the subtle digs. Like this one. 

“Colombia is the longest standing democracy in South America,” Fino tells me, his ever-present security detail hovering ominously at our periphery. “I never feel like I’m in danger here.” Continue reading