Reuters reveals PDVSA's partners act as traders of Venezuelan oil amid sanctions | Reuters News Agency

Reuters reveals PDVSA’s partners act as traders of Venezuelan oil amid sanctions

Reuters reported exclusively that Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to joint-venture partners including Chevron Corp, which in turn market the oil to customers in Asia and Africa. Venezuela’s oil exports fell 32% last year as the U.S. government blocked imports by American companies and transactions made in U.S. dollars.

Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
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