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Venezuela pressures foreign partners on oil venture commitments: sources

Reuters 

By Marianna Parraga and Deisy Buitrago(Reuters) - Foreign partners of Venezuela's PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, three people familiar with the matter said.The sanctions on Petroleos de Venezuela (PDVSA), imposed last month in an attempt to dislodge Venezuelan President Nicolas Maduro, barred access to U.S. financial networks and oil supplies for the PDVSA joint ventures, pressuring Venezuela's already falling crude output and exports.PDVSA's ...

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First Published: Tue, February 12 2019. 17:12 IST
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