Venezuela seeks to double oil exports to India

Adjust Comment Print

"But we stress that no new accounts were opened and are planned to be opened in the bank", the spokesman said.

Opposition leader Juan Guaido, recognized by some 50 countries as Venezuela's interim president, warned the military Sunday that blocking humanitarian aid from entering the country is a "crime against humanity".

The US intelligence community is directly communicating with members of Venezuela's military in attempts to convince them to abandon beleaguered President Nicolas Maduro while also considering additional sanctions to ramp up the pressure, a senior White House official divulged to Reuters. The joint ventures foreign partners include Norway's Equinor ASA, U.S. -based Chevron Corp and France's Total SA.

More news: Gov. Ralph Northam Calls Slaves ‘Indentured Servants’ In Interview, Gets Corrected

Reliance Industries Ltd., an Indian refiner that operates the world's biggest processing complex, is taking a parcel of Venezuelan synthetic oil Hamaca that was originally scheduled for delivery to a LyondellBasell Industries NV plant in the US, according to person with knowledge of situation and shipping reports compiled by Bloomberg.

The minister said US sanctions meant Venezuela had lost $20 billion in revenues. "We are being used to keep them in power".

State-run PDVSA several weeks ago informed customers of the new banking instructions and has begun moving the accounts of its joint ventures, which can export crude separately.

More news: Details Emerging On Death Of Crypto CEO Gerald Cotten

Venezuela is open to barter-like payments from India to boost oil sales to the world's third-biggest oil consumer, the South American country's oil minister Manuel Quevedo said on Monday.

Amid a hyperinflationary economic collapse that has caused malnutrition and the exodus of millions of people, humanitarian aid has become a flashpoint in an intensifying political crisis.

"There are sanctions against corrupt officials and thieves", Guaido told RT Spanish in an exclusive interview, dismissing any notion that USA sanctions and years of economic and political pressure on Caracas might have contributed to the deteriorating socio-economic situation in Venezuela.

More news: Parents scared to send kids to school after polar bear invasion

Quevedo, whose country holds the rotating presidency of the Organization of the Petroleum Exporting Countries, said it was important to listen to oil consuming nations as OPEC and other producers sought to balance supply and demand in the oil market.

Comments