Exclusive: Venezuela's PDVSA orders oil cargoes going to the U.S. to be prepaid

(Reuters) - Venezuela's state-run oil company PDVSA has ordered customers that have tankers waiting to load Venezuelan crude bound for the United States to prepay for those cargoes or they will not receive authorization to fill the vessels or leave the ports, three sources with knowledge of the decision told Reuters. Washington earlier on Monday imposed new sanctions on PDVSA, stopping the company from collecting the proceeds of oil exported to customers in the United States

Reuters January 29, 2019 06:05:36 IST
Exclusive: Venezuela's PDVSA orders oil cargoes going to the U.S. to be prepaid

Exclusive Venezuelas PDVSA orders oil cargoes going to the US to be prepaid

(Reuters) - Venezuela's state-run oil company PDVSA has ordered customers that have tankers waiting to load Venezuelan crude bound for the United States to prepay for those cargoes or they will not receive authorization to fill the vessels or leave the ports, three sources with knowledge of the decision told Reuters.

Washington earlier on Monday imposed new sanctions on PDVSA, stopping the company from collecting the proceeds of oil exported to customers in the United States.

(Reporting by Marianna Parraga; editing by David Gaffen and James Dalgleish)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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