August 6, 2024

Venezuela Snubs U.S. Sanctions With First Oil Import This Year

Courtesy of PDVSA

Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime’s grip on power. The supertanker Rene is discharging a hydrocarbon known as condensate at the Venezuelan port of Jose, according to a document seen by Bloomberg. It’s the first such import since September, when Petroleos de Venezuela SA took delivery of a cargo of Iranian condensate, By Lucia Kassai. Full Text -> Bloomberg

Translation/ Traducción