Venezuela's state-run oil company PDV has stopped purchases of Algerian light crude to blend with its extra-heavy oil because of technical problems and disagreements with the seller, sources said. The decision ends a cost-saving effort launched in October to use Algerian Saharan Blend instead of costlier heavy naphtha as a diluent for domestic Orinoco Belt crude, the oil that accounts for about 40% of Venezuela's output (OD Oct.24'14).
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