Aljazeera | China suspends purchase of Venezuelan oil

In 2016, Venezuela’s President Nicolas Maduro, centre, looked on while CNPC’s Wang Yilin, left, and Venezuelan oil minister Eulogio del Pino signed an agreement in Caraca3

Beijing has long been a supporter of Venezuela, but Trump’s latest threats have made Chinese oil bosses wary.

China‘s largest energy company, the China National Petroleum Corporation (CNPC), is backing away from direct purchases of Venezuelan crude as the United States tightens sanctions against Caracas.

CNPC has cancelled plans to load about five million barrels of Venezuelan oil onto ships this month, Qatar News Agency reported. This comes after the latest executive order from US President Donald Trump, ratcheting up threats against companies that do business with Venezuela.

It is thought to be the first time in 10 years that Beijing has refused to buy Venezuelan oil, and follows a meeting between CNPC executives and senior US diplomats, a source told Reuters news agency.

Chinese and international media said an interruption in August would not mean a complete break in communication between China and Venezuela over oil.

Washington froze Venezuelan government assets held in the US in early August. Further guidelines are expected to be issued by the US Treasury, but the Trump administration has been trying to unseat socialist President Nicolas Maduro since at least his 2018 re-election.

Trump’s executive order on August 5 did not explicitly prohibit non-US companies from doing business with Venezuela’s state-run company PDVSA but did threaten to freeze US assets of any person or company determined to have “materially assisted” the Venezuelan government.

Bron: Aljazeera

Een Reactie op “Aljazeera | China suspends purchase of Venezuelan oil

  1. Nou krijgt Venezuela het echt moeilijk dacht dat China de enige land was die tegen Tromp durfde te zeggen, “I call your bluff”. Laten we hopen dat Curacao nu voorbereidt is op een nog grotere stroom vluchtelingen.

    Laatst was Girigorie nog bij TeleCuraçao in het programma ‘punto final’en de man was bijna anderhalf uur aan het woord maar er kwam niets zinnigs uit zijn mond.

    Wat mij verbaasde was dat allebei de verslaggevers, veel ouder dan Girigorie waren en toch de man met meneer aansprak.

    Ik had gelijk zoiets van, ‘mira e mucha sanka susji aki broma ku posishon’.

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