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IS - China cuts back Venezuela oil imports after US threats - September 2019



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CNPC canceled all August loadings of Venezuelan crude because of US sanctions of the South American country. In July, China’s imports of Venezuelan oil fell 62% from June to a total of 703,742 tonnes, roughly equivalent to 166,000 bo/d. The Trump administration has targeted Venezuela with sanctions to topple President Nicolas Maduro, including freezing Venezuelan government assets in the US and threatening sanctions against companies that do business with staterun PDVSA. CNPC could resume......
 
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