Archived Venezuela Offers India Crude Oil On 30% Discount, Only If It Agrees To Pay In Cryptocurrency (archive.fo)
submitted ago by Kippering
Posted by: Kippering
Posting time: 2.6 years ago on
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Archived on: 7/30/2018 10:00:00 AM
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90 upvotes, 2 downvotes (98% upvoted it)
Archived Venezuela Offers India Crude Oil On 30% Discount, Only If It Agrees To Pay In Cryptocurrency (archive.fo)
submitted ago by Kippering
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[–] tendiesonfloor 0 points 2 points 2 points (+2|-0) ago
The HOVENSA refinery had to be specially outfitted to handle the ultra-sulfurous Venezuelan crude.
[–] tanukihat 0 points 1 point 1 point (+1|-0) ago
I mean, deep sea refineries need to be outfitted with special deep sea shit. Mining oil is difficult everywhere, but Venezuela really fucked it up hard.
[–] Benweiser22 ago
That is the mining aspect, but yes refining the Venezuelan oil is more costly than Saudi crude.