{"id":295623,"date":"2019-10-10T11:26:33","date_gmt":"2019-10-10T05:56:33","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=295623"},"modified":"2019-10-10T11:26:33","modified_gmt":"2019-10-10T05:56:33","slug":"reliance-to-resume-venezuela-oil-loadings-after-4-month-pause","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-to-resume-venezuela-oil-loadings-after-4-month-pause\/","title":{"rendered":"Reliance to resume Venezuela oil loadings after 4-month pause"},"content":{"rendered":"<p>MEXICO CITY\/MUMBAI: Indian refiner Reliance IndustriesNSE 2.27 % Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA seen by Reuters, a move that could help Venezuela&#8217;s state-run company drain its large oil inventories.<\/p>\n<p>The United States in January imposed the toughest sanctions yet on Venezuela&#8217;s oil industry, depriving the OPEC-member nation of the main destination for its crude exports.<\/p>\n<p>In August, Washington escalated sanctions further by threatening non-U.S. companies with punitive action if they &#8220;materially assist&#8221; Venezuelan President Nicolas Maduro&#8217;s government.<\/p>\n<p>The measures have scared away several of PDVSA&#8217;s largest customers and tanker operators, causing a fast accumulation of unsold crude that forced the Venezuelan company last month to reduce output.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MEXICO CITY\/MUMBAI: Indian refiner Reliance IndustriesNSE 2.27 % Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA seen by Reuters, a move that could help Venezuela&#8217;s state-run company drain its large oil inventories. The United States in January imposed the toughest sanctions yet on Venezuela&#8217;s oil industry, depriving the OPEC-member nation of the main destination for its crude exports. In August, Washington escalated sanctions further by threatening non-U.S. companies with punitive action if they &#8220;materially assist&#8221; Venezuelan President Nicolas Maduro&#8217;s government. The measures have scared away several [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-295623","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=295623"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295623\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=295623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=295623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=295623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}