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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

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...
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Source: yahoo.com

China Sinochem buys rare Venezuelan oil cargo after US suspends sanctions: Report

SINGAPORE: 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
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