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Exclusive: Venezuela's PDVSA orders oil cargoes going to the U.S. to be prepaid

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Reuters
(Reuters) - Venezuela's state-run oil company PDVSA has ordered customers that have tankers waiting to load Venezuelan crude bound for the United States to prepay for those cargoes or they will not receive authorization to fill the vessels or leave the ports, three sources with knowledge of the decision told Reuters.
Washington earlier on Monday imposed new sanctions on PDVSA, stopping the company from collecting the proceeds of oil exported to customers in the United States.
(Reporting by Marianna Parraga; editing by David Gaffen and James Dalgleish)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 29 2019 | 8:47 AM IST

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