Venezuelan state oil company PDVSA will secure contracts to import crude by early next year, a senior executive said, phasing out spot-market purchases as part of a bold strategy to reduce costs and boost quality of its final blends.
http://www.reuters.com/article/2015/11/10/us-venezuela-pdvsa-idUSKCN0SZ2CN20151110#FEpLhfqYTuf9f1AK.97
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