Venezuela suspends 19 oil, gas production-sharing contracts signed under Maduro, sources say

Venezuela’s oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday.

The suspension has had no impact on the country’s oil and gas output so far, the sources said. State oil giant PDVSA is selling the crude produced under the contracts while they are suspended, they added.