Reuters: Venezuela stops oil supplies to Europe in exchange for debt relief

Venezuela suspended the supply of crude oil to Europe and asked Italian Eni and Spanish Repsol to supply it with fuel in exchange for future supplies of the energy source. Reuters.

Venezuelan oil and gas company PDVSA is reportedly “no longer interested” in deals the US State Department approved in May to swap oil for debt. Deliveries of Venezuelan oil to refineries in Spain have helped Europe reduce its purchases of Russian oil since the start of the special operation in Ukraine.

According to the agency’s source, PDVSA wants to return to oil swaps, but that is not yet possible.

“Oil-for-oil deals are not interesting,” the source told Reuters.

The report states that realigning the agreement could help PDVSA revitalize its operations for superheavy oil production in the “Orinoco belt” (unconventional oil deposits in the form of oil shale in Venezuela’s Orinoco River). .Ru”) and improve the situation with open fuel in Venezuela.

In July 2022, the US allowed Venezuela’s Italian Eni SpA and Spanish Repsol SA to supply oil to Europe. In addition, Washington lifted sanctions preventing American and European oil companies from operating in Venezuela.

Former German newspaper Handelsblatt WroteVenezuela will supply 3.8 million barrels of oil to Italian concern Eni and Spanish concern Repsol.



Source: Gazeta

Popular

More from author

Russian journalist Lukashenko received threats after words about 14:55

Belarus TV presenter Grigory Azarok called Russian journalist Andrei Kolesnikov as a “creature ve and threatened to“ break the bread ”because of the second...

The separation of Russian ships came to Vietnam 14:31

Russia's Pacific Fleet (Pacific Fleet) ships came to Vietnam. Reporting this Ria Novosti Referring to the press service of the Pacific fleet. The report, “Pacific...

Trump said Pakistan and India had agreed on the ceasefire on 15:06

India and Pakistan agreed on a complete and urgent ceasefire. About this in his account on the social network Real social US President Donald...

Former director of the time program Kaleriia Kislov 14:43 Died

Kaleria Kislova, the former head of the Time program, died in the centenary year of her life. Reporting this Tass. “Kaleria Venteniktovna died in the...