PDVSA shifts oil cargoes to different Rosneft unit, U.S. threatens action. [Reuters]
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Source: Reuters
PDVSA shifts oil cargoes to different Rosneft unit, U.S. threatens action (Reuters) - State-run PDVSA has shifted several oil cargoes from Rosneft Trading SA, which was hit by U.S. sanctions last week, to another affiliate of the Russian oil giant, internal documents from the Venezuelan company showed, prompting the U.S. special envoy to warn that more firms could be penalized if they “play games.” According to PDVSA’s trade reports seen by Reuters, four cargoes carrying some 6.7 million barrels of Venezuelan oil which had previously been allocated to Rosneft Trading for February loading were changed in recent days to another unit of the Russian firm, TNK Trading. Two of the cargo changes occurred in the first week of February. The other two came after the U.S. sanctions date, the data shows. Rosneft absorbed TNK Trading International after it completed the purchase of TNK BP in 2013. TNK Trading and Rosneft Trading share an address in Geneva, according to online company registry Mone
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