The US oil company ConocoPhillips is negotiating with the Venezuelan PDVSA to sell that country’s oil in the United States to recover the almost US$ 10,000 million (9,200 million euros) that Venezuela owes it for the nationalization of its assets in 2007.
The Wall Street Journal publishes citing sources close to the operation that ConocoPhillips and PDVSA are negotiating that the Houston-based company can load, transport and sell Venezuelan oil in the United States on behalf of the Venezuelan oil company.
Through this operation, the US firm could gradually recover the money it lost with its departure in 2007 and “help the United States meet its energy needs”.
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:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/UCLRGLHXJFD6NDQ6CFJNFQ3SDY.jpg "ConocoPhillips studies selling Venezuelan oil in the US to collect debt")
Likewise, the agreement would allow Venezuela to end the commercial isolation caused by the US sanctions against the oil industry in 2019 and allow its crude to return to the US market, the most important for the country until then.
The negotiations of this possible agreement, on which ConocoPhillips has not yet ruled, come after last November the US Office of Foreign Assets Control (OFAC) authorized Chevron to resume limited oil extraction operations in Venezuela.
Source: EFE
Source: Gestion
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