ESPACIO PUBLICITARIO
CARACAS, Friday February 15, 2013 | Update
 
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HYDROCARBONS | Annual averaged price at USD 104.04

Venezuelan oil basket up 1.64%; ends at USD 108.75

The Venezuelan oil barrel spiked USD 1.76 this week

(File photo)
EL UNIVERSAL
Friday February 15, 2013  12:04 PM
The price of the Venezuelan oil basket ended this week at USD 108.75, gaining USD 1.76 (1.64%) with respect to the previous week (USD 106.99), informed the Venezuelan Ministry of Petroleum and Mining.

"Oil prices continue their upward trend this week amid favorable economic information from China and the US, geopolitical tensions in the Middle East, and the weakness of the US dollar with respect to the euro," the ministry posted on its website.

Consequently, the Venezuelan oil basket annual average price stands at USD 104.04 per barrel.

Translated by Jhean Cabrera
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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.

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