US to let Eni, Repsol ship Venezuela oil to Europe for debt – sources

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Any impact on global oil prices will be modest, but Washington's green light could provide a symbolic boost for Venezuelan President Nicolas Maduro.

The authorizations came last month, but details and resale restrictions have not been reported previously.

PDVSA has not scheduled Eni and Repsol to take any cargoes this month, according to a June 3 preliminary PDVSA loading program seen by Reuters. Washington maintains further sanctions relief on Venezuela will be conditioned on progress toward democratic change as Maduro negotiates with the opposition.

Source: Loan Digest (loandigest.net)

 

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