Monday, May 12, 2025 | 12:14 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Exclusive: Venezuela's PDVSA moves to renegotiate export contracts - sources

Image

Reuters

(Reuters) - Venezuela's state-run oil company PDVSA is seeking to sidestep Trump administration sanctions restricting payments for its oil by asking major buyers, including U.S. refiners, to renegotiate contracts, four sources involved in the talks said.

Venezuela exports about 1.25 million barrels per day (bpd) of crude, including 500,000 bpd to the United States. It also imports over 200,000 bpd of refined products.

(Reporting by Marianna Parraga, Editing by Rosalba O'Brien)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 29 2019 | 11:48 PM IST

Explore News