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Venezuelan Oil Imports: The resumption in trade between the OPEC producer and what was the second largest destination for its oil comes after Washington in October temporarily lifted sanctions banning Venezuelan oil exports, prompting a flurry of spot sales of crude and fuel through middlemen and traders, mostly to China. ....
Indian refiners can process Venezuelan oil and the nation may buy it provided that it is available cheaply, Oil Minister Hardeep Singh Puri said on Wednesday, days after the US temporarily lifted sanctions on OPEC member Venezuela's oil sector. ....
Venezuelan Oil Imports: The Venezuelan crude, mostly heavy sour Merey and Boscan, is widely used by independent refineries in the eastern province of Shandong. Traders typically categorised Venezuelan and some Iranian heavy crude as diluted bitumen when clearing customs so refiners don t have to use crude import quotas that Beijing tightly controls. ....