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The US is Buying Venezuelan Oil Again (Zakharova)

Sputnik | May 23, 2019

From May 10 to 17, the United States imported 49,000 barrels of Venezuelan crude oil. This is the first time that the US imports its neighbor’s oil in weeks and the Russian Foreign Ministry spokeswoman, María Zakharova, has commented on the figure, published in the weekly report of the US Energy Information Administration.

Zakharova recalled that in March, the press reported that the special envoy of the United States Government for Venezuela, Elliott Abrams, had said that the United States was seeking “the complete isolation of President Nicolás Maduro on the international stage and, above all, the cessation of any commercial transaction of banks, companies and corporations with Venezuela that would be beneficial for Maduro”.

Zakharova countered Abrams’ words [with the fact] that the US has resumed Venezuelan oil imports at 49,000 barrels a day.

“And so always, first they encourage everyone to do something and then they change their maneuver 180 degrees, leaving behind those who gave in,” she said.

On January 28, Washington announced the imposition of sanctions against state oil company PDVSA and blocked the assets and interests of the Venezuelan company in its jurisdiction for 7,000 million dollars. The truth is that deliveries of Venezuelan oil in the United States for the first week of April reached 139,000 barrels per day, while during the previous three weeks it had been at zero, according to the US Department of Energy.

In annual terms, deliveries decreased 4.5 times from the level of 631,000 barrels per day, recorded during the first week of April 2018. From March 11 to March 29, according to statistics, oil was not supplied from Venezuela to the US.

Translated by JRE\EF

May 26, 2019 - Posted by | Economics | ,

7 Comments »

  1. Interesting! The wheels turn and churn….

    Abrams: uggggggghhh.

    Hmmm…I do wonder, if (as reported widely) the US is now a record producer of petroleum products and exporting for the first time in decades, WTF is going on here? E.g., “simply” sowing chaos and keeping an already insane world off balance?

    Comment by roberthstiver | May 26, 2019 | Reply

    • There are refineries in the US that are tooled specifically for Venezuela’s heavy oil. Ural heavy oil even would require reconfiguration.

      Comment by aletho | May 26, 2019 | Reply

      • Thanks! Re “heavy oil” and observing another continent, I’m reminded that years ago I read not infrequently of the quality/refinability of Libyan “light, sweet” crude. I guess that not getting that natural asset of the Libyan people to an eager market is another casualty of the lust for “global full-spectrum dominance.”

        Comment by roberthstiver | May 26, 2019 | Reply

        • The Libyan “light sweet” oil might cost a dollar or two per barrel less to refine than an average crude grade. Whereas Venezuela’s heavy oil sells at a substantial discount reflecting the extra cost of refining.

          Comment by aletho | May 26, 2019 | Reply

  2. If the USA is imposing sanctions on various countries around the World, and then breaking those sanctions themselves, then the Criminals in the USA Government have NO credibility at all. They are obviously benefiting at the expense of countries that are observing the sanctions. USA Credibility ZERO.

    The rest of the World must surely be getting very tired of the USA’s Kreptoclat-Elite.

    Comment by Brian Harry, Australia | May 26, 2019 | Reply

  3. One source about this news…..hope for full shipments again….

    https://oilprice.com/Latest-Energy-News/World-News/US-Imports-Of-Venezuelan-Oil-Still-Trickling-In.html

    Comment by notlurking | May 28, 2019 | Reply


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