Venezuelan oil basket opens 2013 above USD 100
The Ministry of Petroleum and Mining reported that in the week of December 31, 2012 to January 4, 2013, the Venezuelan oil basket price ended at USD 100.56 a barrel.
"Optimism about the US tax deal and favorable signs from China's economy shored up oil prices during the first week of the year," the ministry said in a press release.
A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.