An Iranian supertanker, identified as Honey, has docked at the northeastern Venezuelan port of Jose Terminal with a cargo of 2 million barrels of natural gas liquid (NGL), the Tanker Trackers company said on Monday.
As explained by Tanker Trackers in a thread of tweets, NGL is a light-weight gas condensate that can be refined into things like high octane gasoline and jet fuel. The company opined, however, that this batch of supply will likely be used as “a blending agent to improve flow of Venezuela’s very heavy crude oil in order to boost production.”
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