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Sinochem buys Venezuelan oil after US suspends sanctions

China's Sinochem Corp has bought a million barrels of Venezuelan crude oil for arrival in December, a rare purchase as the state oil and chemicals group capitalises on Washington's suspension of sanctions on the South American producer, reports Reuters. In mid-October, Washington suspended sanctions on Venezuela's oil and gas exports for six months, prompting a… ....

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China Sinochem buys rare Venezuelan oil cargo after U.S. suspends sanctions – sources

China Sinochem buys rare Venezuelan oil cargo after U.S. suspends sanctions – sources
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United States , Distrito Federal , Sinochem Changyi , China Sinochem Corp , Sinochem Corp , South American , Venezuelan Merey ,

China Sinochem buys rare Venezuelan oil cargo after U.S. suspends sanctions

China's Sinochem Corp has bought a million barrels of Venezuelan crude oil for arrival in December, a rare purchase as the state oil and chemicals group capitalises on Washington's suspension of sanctions on the South American producer. In mid-October, Washington suspended sanctions on Venezuela's oil and gas exports for six months, prompting a flurry of spot trades of crude and fuel through Western traders such as Trafigura and Vitol as well as middlemen. Sinochem has agreed to buy the cargo of heavy Venezuelan Merey crude at a discount of $11 a barrel to dated Brent crude on a delivered ex-ship (DES) basis, three traders with knowledge of the purchase told Reuters. ....

Distrito Federal , United States , Marianna Paraga , Clarence Fernandez , Tony Munroe , Sinochem Changyi , Florence Tan , Chen Aizhu , China Sinochem Corp , Sinochem Corp , South American , Venezuelan Merey , Venezuelan Oil , Crude Oil , Sanctions On Venezuela , Brent Crude , Secondary Sanctions ,

China Sinochem buys rare Venezuelan oil cargo after U.S. suspends sanctions -sources

China s Sinochem Corp has
bought a million barrels of Venezuelan crude oil for arrival in
December, a rare purchase as the state oil and chemicals group
capitalises on Washington s suspension of.
-December 19, 2023 at 12:12 am EST
- MarketScreener ....

Distrito Federal , United States , Chen Aizhu , Sinochem Changyi , Tony Munroe , Marianna Paraga , Florence Tan , Clarence Fernandez , China Sinochem Corp , Sinochem Corp , South American , Venezuelan Merey ,