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.
Reuters reveals PDVSA’s partners act as traders of Venezuelan oil amid sanctions
13 January 2020, 12:00 am. 1 minute