CARACAS/PUNTO FIJO, Venezuela (Reuters) – Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to joint-venture partners including Chevron Corp, which in turn market the oil to customers in Asia and Africa. This would not violate sanctions as long as sale proceeds are used for paying off a venture’s debts, according to three sources from joint ventures. Venezuela’s oil exports fell 32% last year as the U.S. government blocked imports by American companies and transactions made in U.S. dollars. …read more
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