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Thread: How Venezuela lost three oil supertankers to its Chinese partner

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    How Venezuela lost three oil supertankers to its Chinese partner


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    carolina73 (08-12-2020)

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    China is a predator. They re not in a country to help it. Right now they are working on putting African countries that they want for resources in a legal and economic vice.

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    bulletbob (08-12-2020)

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    How China Got Venezuelan Oil Despite US Sanctions

    Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in the heated rivalry between Washington and Beijing.
    The United States had imposed sanctions on Venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, Nicolas Maduro. U.S. refineries stopped buying Venezuelan crude. Caracas’ ally China, long a major customer, suddenly found itself the top purchaser. Through the first six months of 2019, it imported an average of 350,000 barrels per day of crude from Venezuela......................

    But in August, Washington tightened its sanctions on Venezuela, warning that any foreign entity that continued to do business with the South American country’s government could find itself subject to sanctions. State-owned China National Petroleum Corp, known as CNPC, stopped loading oil at Venezuelan ports that month. China’s import data showed purchases started to slow, and by late 2019, abruptly stopped.
    China’s largest oil company, like customers in some other countries, seemed to be knuckling under to U.S. President Donald Trump’s threats, despite Chinese President Xi Jinping’s professed support for Maduro.
    But China never stopped buying. Crude from Petroleos de Venezuela SA, or PDVSA, kept arriving at Chinese ports with the help of a Switzerland-based unit of Rosneft, Russia’s state-owned oil company, and a roundabout delivery method that made it appear as if the oil’s origin was Malaysia, Reuters has found..............“The cooperation between China and Venezuela will be carried out normally no matter how the situation changes,” the statement read. “It’s legitimate and benefits the people of both countries and will not be affected by any unilateral sanction measures.”...........https://www.marinelink.com/news/chin...nctions-479308

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    Quote Originally Posted by pjl View Post
    last year, china replaced the united states as the no. 1 importer of oil from venezuela, yet another front in the heated rivalry between washington and beijing.
    The united states had imposed sanctions on venezuela’s state-owned oil company as part of a bid to topple that country’s socialist president, nicolas maduro. U.s. Refineries stopped buying venezuelan crude. Caracas’ ally china, long a major customer, suddenly found itself the top purchaser. Through the first six months of 2019, it imported an average of 350,000 barrels per day of crude from venezuela......................

    But in august, washington tightened its sanctions on venezuela, warning that any foreign entity that continued to do business with the south american country’s government could find itself subject to sanctions. State-owned china national petroleum corp, known as cnpc, stopped loading oil at venezuelan ports that month. China’s import data showed purchases started to slow, and by late 2019, abruptly stopped.
    China’s largest oil company, like customers in some other countries, seemed to be knuckling under to u.s. President donald trump’s threats, despite chinese president xi jinping’s professed support for maduro.
    But china never stopped buying. Crude from petroleos de venezuela sa, or pdvsa, kept arriving at chinese ports with the help of a switzerland-based unit of rosneft, russia’s state-owned oil company, and a roundabout delivery method that made it appear as if the oil’s origin was malaysia, reuters has found..............“the cooperation between china and venezuela will be carried out normally no matter how the situation changes,” the statement read. “it’s legitimate and benefits the people of both countries and will not be affected by any unilateral sanction measures.”...........https://www.marinelink.com/news/chin...nctions-479308
    and china s stealing from them

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    Quote Originally Posted by bulletbob View Post
    and china s stealing from them
    .......tTB ......(lol)

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    Quote Originally Posted by PJL View Post
    .......tTB ......(lol)

    they are plo china is a nation of commie lying thugs

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    Fools and their money are soon parted.

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    bulletbob (08-12-2020)

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    is the wonder from down under broke yet ?

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    Quote Originally Posted by carolina73 View Post
    Fools and their money are soon parted.
    very , very true ......(lol)

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    Quote Originally Posted by PJL View Post
    very , very true ......(lol)
    so your broke now ?

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