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Exclusive: Venezuela cuts oil supply to Citgo as Russia's Rosneft gets moreMarianna ParragaA PDVSA gas station is seen next to building apartments in Caracas, Venezuela, July 25, 2017. Picture taken July 25, 2017.Andres Martinez CasaresHOUSTON (Reuters) - Venezuela's state-run PDVSA has reduced crude sales to its U.S. refining unit Citgo Petroleum while increasing supply to Russia's Rosneft (ROSN.MM), following a plan signed in May to catch up on overdue deliveries, according to PDVSA documents, sources from the company and its joint ventures.Venezuela's oil output has declined since 2012 with the fall accelerating this year amid a lack of investment and payment delays to suppliers. Almost all of Petróleos de Venezuela's customers are receiving reduced volumes. That includes the United States, which has received less Venezuelan crude oil this year. Continued: http://www.reuters.com/article/us-venezuela-usa-citgo-pete-idUSKBN1AJ1JI
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Topic: Exclusive: Venezuela cuts oil supply to Citgo as Russia's Rosneft gets more (Read 201 times)
