UPDATE 1-Venezuela sees 2.3 mln bbl for market in April -document

viernes 28 de marzo de 2014 12:46 GYT

By Marianna Parraga

HOUSTON, March 28 (Reuters) - Venezuela's state-run PDVSA is offering at least 2.3 million barrels of crude, ultra low-sulfur diesel (ULSD) and jet fuel on the open market for delivery in April from its 187,000 bpd Puerto la Cruz refinery and other terminals in east Venezuela, an internal document says.

The company has ramped up tenders in recent weeks amid a bigger need for cash and decreasing domestic fuel demand because of protests against President Nicolas Maduro.

The tenders for April come after tenders in March to sell 730,000 barrels of ULSD, jet fuel, natural gasoline and light virgin naphtha.

"The company is long products after restarting several units at Amuay refinery," said a trader who negotiates with the state-owned company.

The document, seen by Reuters, says PDVSA and its joint ventures have available for April four 240,000 barrel cargoes of ULSD, one 240,000 barrel cargo of jet fuel and two 550,000 barrel cargoes of diluted crude oil going out from different blocks in the Orinoco belt.

Amuay, the largest refinery in Venezuela with 645,000 barrels per day (bpd) capacity, this year restarted two crude distillation units, but last week it halted the 72,000 bpd flexicoker for a 40-day maintenance program because of several problems with the unit's compressor.

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