India's Reliance Industries Ltd, operator of the world's biggest refin...
NEW DELHI - India’s Reliance Industries Ltd, operator of the world’s biggest refining complex, said on Wednesday it had halted supply of diluents to Venezuela’s national oil company PDVSA and will not resume such sales until sanctions are lifted.
PDVSA was importing about 100,000 bpd of naphtha, mostly from the United states, to dilute up to 400,000 bpd of extra heavy oil and make it exportable.Reliance, an Indian conglomerate controlled by billionaire Mukesh Ambani, has significant exposure to the financial system of the United States, where it operates some subsidiaries that are linked to its oil and telecom businesses among others.
Ship tracking data obtained by Reuters showed that Reliance averages purchase from Venezuela were below 300,000 bpd in 2018 and in January this year. “Since the U.S. government imposed sanctions on the government of Venezuela in late January 2019, Reliance Industries Ltd has been in close contact with representatives from the U.S. State Department to ensure full compliance,” Reliance said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Venezuela blackout halts most oil exports, hits crude upgrading: sourcesVenezuelan state-run oil firm PDVSA has been unable to resume crude exports at i...
Consulte Mais informação »
China is ready to bring power back to Venezuela, Russia will keep buying oilChina said it was 'willing to provide assistance to the Venezuelan power system,' while Russia dismissed 'pointless' U.S. threats to stop buying oil from Caracas.
Consulte Mais informação »
U.S.'s Pompeo criticizes Russia's Rosneft for buying oil from VenezuelaU.S. Secretary of State Mike Pompeo said on Monday that Russia's Rosneft wa...
Consulte Mais informação »
U.S. presses India to stop buying oil from Venezuela's Maduro: envoyThe United States is pressing India to stop buying oil from Venezuelan President...
Consulte Mais informação »
Venezuela, Iran may be crushed by sanctions, but oil market has not beenThe sanctioning of two OPEC members by the Trump administration has caused some ripples in the oil market, but not the type of shortages or pain for consumers that could have occurred.
Consulte Mais informação »
Permian oil output seen doubling to 8 million barrels in four years, boosting US exportsOil from the hottest US shale play has been caught in a bottleneck due to lack of pipeline capacity, but that's about to change. The new infrastructure will allow more US crude to be unleashed onto the world market.
Consulte Mais informação »
Venezuelan blackout hits oil exports, residents scramble for foodMuch of Venezuela, including parts of the capital Caracas, remained without powe...
Consulte Mais informação »
Exclusive: Pompeo to meet oil executives, push U.S. crude exports, Iran policy - sourcesEXCLUSIVE: Pompeo to meet oil executives, push U.S. crude exports, Iran policy - sources
Consulte Mais informação »
Saudi Arabia to cut crude oil exports in April: Saudi officialSaudi Arabia plans to cut its crude oil exports in April to below 7 million barr...
Consulte Mais informação »
US sees room to be more aggressive on sanctions and take Iran oil exports to zeroA State Department official on Iran says the oil market supply forecast for 2019 will exceed demand globally this year by 400,000 barrels, giving the U.S. more room to be aggressive on sanctions and try to take Iranian crude supply to zero.
Consulte Mais informação »