The Trump administration is ramping up pressure against Venezuelan President Nic...
But some company executives were surprised by the tone of the remarks, since the U.S government has not taken action since it threatened oil firms dealing with Petróleos de Venezuela, S.A., or PDVSA, in August, sources told Reuters.
Most of them share oilfields with PDVSA in Venezuela, and they also act as intermediaries for sales of Venezuelan oil to markets such as Asia. In 2019, Rosneft was the main receiver of Venezuelan oil, followed by China National Petroleum Corp - which suspended direct purchases from PDVSA, Cuba’s Cubametales and Reliance, according to PDVSA’s internal documents and Refinitiv Eikon data.
Guaido, president of the opposition-held National Assembly, is recognized as Venezuela’s rightful president by dozens of countries including the United States. The senior administration official also described “good momentum” since Maduro’s party failed to wrest control of the national assembly from Guaido last month, and said there would be some “impactful measures” within the next 30 days to further cripple Maduro’s rule.
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