Venezuela Studying Partial Force Majeure After US Sanctions: Oil Minister | World News
FILE PHOTO: Venezuela's Oil Minister and President of the Venezuelan state oil company PDVSA Manuel Quevedo talks to the media during a news conference in Caracas, Venezuela, August 7, 2018. REUTERS/Marco Bello/File PhotoReuters
CARACAS (Reuters) - Venezuela is studying several measures to react to new U.S sanctions against state-run oil firm PDVSA including partial force majeure, Oil Minister Manuel Quevedo said on Tuesday.
Quevedo told a news conference that oil tankers leaving Venezuelan ports must pay for crude before departing. The Trump administration announced sweeping sanctions on PDVSA on Monday aimed at....