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Wednesday, 16 October 2019

Venezuela's Maduro warns oil sales blockade would be 'catastrophic'

Reuters , Friday 8 Feb 2019
Views: 1995
Views: 1995

Venezuelan President Nicolas Maduro warned on Friday that blocking all oil shipments from his OPEC-nation would have “catastrophic consequences” in the wake of crippling sanctions imposed by the United States on state oil company PDVSA.

In a news conference in Caracas, Maduro also said anyone who accepted illegal nominations by the opposition to PDVSA [PDVSA.UL] and its U.S. subsidiary Citgo Petroleum Corp [PDVSAC.UL].

“The economic and social consequences of a total blockade to our oil shipments would be catastrophic,” he said.

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