Photo: Raheb Homavandi / Reuters
The largest Chinese oil company CNPC has decided to withdraw from direct purchases of Venezuelan oil due to the tightening of us sanctions against Venezuela. About it reports Bloomberg with reference to sources.
According to the Agency, CNPC has canceled the purchase of five million barrels of oil, and also refused from planned for August loading of raw materials in tankers.
This is the first in more than ten years, the failure of Beijing from purchasing Venezuelan oil, says Bloomberg. With the breakdown of supply in August is not talking about a complete break of relations between China and Venezuela in the field of oil, said the Agency.
Leadership CNPC has not commented on this information.
At the end of may it was reported that after the entry into force of the us sanctions of China completed the purchase of oil from Iran. Also, the U.S. has decided not to renew the exception for the purchase of Iranian oil for India, Turkey, South Korea and Japan. They all obey the requirements of the American side.
The US imposed sanctions against Venezuela in January, blocking the assets of the national oil and gas company PDVSA to U.S. jurisdiction by seven billion dollars not to make bargains with it. After that, China became the main importer of Venezuelan oil. Later, the U.S. government expanded restrictions on everyone who supports Venezuelan President Nicolas Maduro. The reason for the new sanctions — the reluctance Maduro to leave office, and creating obstacles declared himself the temporary leader Juan Guido.
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