Venezuela to Redirect U.S. Oil Exports to Europe, Asia
MOSCOW (Sputnik) - Venezuela’s National Representative to OPEC, the technical adviser at Venezuela’s PDVSA company and Petroleum Ministry Ronny Romero asserted about the impact of the U.S. sanctions on the oil and gas giant.
"Yes, we are facing new illegal sanctions from the U.S. We were exporting about 500,000 bpd to the U.S. PDVSA will redirect exports to other customers in Europe and Asia", the technical adviser at Venezuela’s oil company PDVSA and Petroleum Ministry, Ronny Romero, told Sputnik.
The official, who is also Venezuela’s representative to OPEC, added that Caracas would do everything possible to minimize the effects of U.S. sanctions on the oil and gas giant on the market.
When asked about how European and Asian customers could be convinced to buy oil from Venezuela, risking sanctions from Washington, he stated that currently, Washington's sanctions apply only to U.S. entities.
The statements come after Venezuelan President Nicolas Maduro criticized U.S. sanctions on Venezuelan state energy giant PDVSA on 5 February and said that the restrictions were tantamount to illegal seizure.
"Yes, we are facing new illegal sanctions from the U.S. We were exporting about 500,000 bpd to the U.S. PDVSA will redirect exports to other customers in Europe and Asia", the technical adviser at Venezuela’s oil company PDVSA and Petroleum Ministry, Ronny Romero, told Sputnik.
The official, who is also Venezuela’s representative to OPEC, added that Caracas would do everything possible to minimize the effects of U.S. sanctions on the oil and gas giant on the market.
When asked about how European and Asian customers could be convinced to buy oil from Venezuela, risking sanctions from Washington, he stated that currently, Washington's sanctions apply only to U.S. entities.
The statements come after Venezuelan President Nicolas Maduro criticized U.S. sanctions on Venezuelan state energy giant PDVSA on 5 February and said that the restrictions were tantamount to illegal seizure.