Sunday, February 9, 2014

STUFF ... US imported crude getting re-exported. Commerce Dept granted 2 licenses to export crude to UK since last year, 2 more to Italy. Aps for export to Germany last month. Bureau of Industry, Security approved 120 licenses since Jan '13, most for exports to Canada ... Shell station on corner raised unleaded overnight 10% to $3.49 ... GUPC consortium warning to halt Panama Canal expansion work unless Panama pays $1.6B in overruns from Canal authorities allegedly gave builders incorrect geo info ... Pemex set to deliver 1st-ever light crude shipment to India - 500K bls - along with 1.5M bls heavy crude ... Venezuela agreements with Uruguay, Argentina allowing payments for oil in foodstuffs, other needed products (to get around currency, presumably, with recent "non-devaluation" in Venezuela) ... Canacol Energy (Canada) to invest $33M in Ecuador for oil/gas ops, $117M in Columbia. Est. production 11.5-12.5Kb/d this year ... Bolivia oil industry likely to see record $3B investment this year from state, private sources. State comp to invest $1.86B of it ... Argentina, France, Iran supportive of new Bolivia nuke program plans.

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