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PETROCHINA Reportedly Halts Purchase of Venezuelan Oil
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Since the US took control of oil exports from OPEC member Venezuela this month, PETROCHINA (00857.HK), a Chinese state-owned enterprise, has instructed its traders to stop purchasing or trading Venezuelan crude oil, according to two trade executives quoted by a Reuters report. The report said PETROCHINA was the largest buyer of Venezuelan oil until it ceased imports in early 2019 when US President Donald Trump imposed sanctions on Venezuela's oil industry during his first presidential term. AAStocks Financial News |
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