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Venezuelan PDVSA to redirect exports to customers in Europe and Asia

Gasoil News - Published on Mon, 11 Feb 2019

Image Source: Sputnik International
In an interview with Sputnik, Venezuela’s National Representative to OPEC, the technical adviser at Venezuela’s PDVSA company and Petroleum Ministry Ronny Romero spoke about the impact of the US sanctions on the oil and gas giant. Technical adviser at Venezuela’s oil company PDVSA and Petroleum Ministry, Ronny Romero, told Sputnik "Yes, we are facing new illegal sanctions from the US. We were exporting about 500,000 bpd to the US. PDVSA will redirect exports to other customers in Europe and Asia.”

The official, who is also Venezuela’s representative to OPEC, added that Caracas would do everything possible to minimise the effects of US sanctions on the oil and gas giant on the market.

When asked about how European and Asian customers could be convinced to buy oil from Venezuela, risking sanctions from Washington, he stated that currently, Washington's sanctions apply only to US entities.

He said that "Anyway, Russia and China don’t care about US sanctions."

Source :

Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
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