PDVSA struggles to trade crude, products amid US sanctions: reports

摘要

Caracas-PDVSA, Venezuela’s state-owned oil company, continues to sell oil and buy products on the global market, but is facing severe challenges due to US sanctions, according to PDVSA tender reports and sources. For example, according to the report, PDVSA sold three cargoes totaling 700,000 barrels of heavy crude to Tipco, a Thailand-based asphalt company, originally to be shipped to Nynas, a Sweden-based specialty oils company.