Venezuela to redirect US oil exports to Europe & Asia | WHAT REALLY HAPPENED


Venezuela to redirect US oil exports to Europe & Asia

Caracas will do everything possible to minimize effects of US sanctions against Venezuelan energy giant PDVSA on the global oil market, the technical adviser for the state-run firm, Ronny Romero, said.

“Yes, we are facing new illegal sanctions from the US. We were exporting about 500,000 bpd to the US. PDVSA will redirect exports to other customers in Europe and Asia,” he told Sputnik.

Romero, who is Venezuela’s National Representative to OPEC, explained that European and Asian customers should not be afraid to buy oil from the country because Washington’s sanctions apply only to US entities.

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