China abandoned Venezuelan oil under pressure from Washington

Recently we informedhow the United States suspected China of transporting Iranian oil and arranged total surveillance of tankers associated with the China National Petroleum Corporation (CNPC). And so, Bloomberg reports that according to information from “informed sources”, in August 2019, CNPC canceled plans to load about 5 million bar. (1 barrel - 159 liters) of Venezuelan oil.




It is noted that a similar position of the Chinese "comrades" is connected, first of all, with the sanctions of Washington against Caracas. Moreover, Bloomberg clarifies that Beijing has never once, more than a decade, not refused obligations to Caracas in the field of oil purchases. So, this cancellation does not mean a complete stop by China of oil purchases from Venezuela.

Bloomberg estimates that in 2019, China imported 339 thousand barrels daily from Venezuela. oil. At the same time, CNPC and its subsidiaries were involved in the transportation of this important raw material.

It should be recalled that on August 5, 2019, US President Donald Trump, by his decree, “blocked” all (any) assets of Venezuela “that are or may be in the jurisdiction of the United States, as well as assets over which citizens will or will receive control in the future US companies. " These measures apply to the assets of the Central Bank of Venezuela and the state-owned oil and gas company PDVSA.

In Moscow, it was already called "international banditry", and in Caracas promised to double oil production.
Photos used: https://molchemtankers.com/
Ctrl Enter

Noticed oshЫbku Highlight text and press. Ctrl + Enter

2 comments
Information

Dear reader, to leave comments on the publication, you must to register.
I have an account? Sign in

  1. gorenina91 Offline
    gorenina91 (Irina) 17 August 2019 11: 51
    +3
    • 3
    • 0
    Moreover, Bloomberg clarifies that Beijing has never once, more than a decade, not refused obligations to Caracas in the field of oil purchases. So this cancellation does not mean a complete stop by China of oil purchases from Venezuela.

    Ha, a strange "logic" ... or rather, the lack of logic ... - It's like ... - they lived in a joint marriage for 10 years, and therefore now can not divorce ... - Hahah ...
    - It is unlikely that China was afraid of the American sanctions (although ... - it would be nice if their China was afraid) ...
    - It’s just obvious that it’s unprofitable for China to drag along distant lands in order to acquire the Venezuelan “oil tar” (which cannot be used for distillation if this tar is not diluted with other first-class oil) ... - Yes, and the Persian Gulf is nearby, Iran is next to it first-class oil ... - And Iran, like Venezuela ... - also under American sanctions ... - So, of course ... - it’s easier to take what is nearby; and what is much better and much cheaper ...
    - This is only Russia, to the detriment of itself, for distant lands (overseas) is ready to buy Venezuelan oil, then to cobble it with other oil, and only then; it seems like he is selling to someone (the Americans) ... - how beneficial is it to Russia ... - history is silent (but you can guess that) ...
    - And how long this ephemeral "Russian-Venezuelan friendship" will last ... is also unknown ... - Probably, while Russia has invested quite substantial money and other means there; and until the Venezuelan ruler changes ...
    - And then ... - as always ... - forgiveness (cancellation of the Russian debt) by Russia to Venezuela's debt and ... and ... and sluggish current relations between Russia and Venezuela ... - As with Cuba, as with Vietnam, as with Brazil, etc ...
  2. Igor Pavlovich Offline
    Igor Pavlovich (Igor Pavlovich) 17 August 2019 14: 43
    0
    • 0
    • 0
    They will always be friends with the smart and the rich, and not with the bad and the poor.