{"id":362571,"date":"2020-07-13T12:05:32","date_gmt":"2020-07-13T06:35:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362571"},"modified":"2020-07-13T13:14:56","modified_gmt":"2020-07-13T07:44:56","slug":"ril-access-to-venezuela-oil-in-exchange-for-diesel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-access-to-venezuela-oil-in-exchange-for-diesel\/","title":{"rendered":"RIL access to Venezuela oil in exchange for diesel"},"content":{"rendered":"<p>Reliance Industries will this week load its first cargo of Venezuelan crude in three months in exchange for diesel under a swap deal the parties say is permitted under the US sanctions regime on the Latin American country.<\/p>\n<p>The Reuters report citing a Reliance sources and a shipping document from state oil firm PDVSA said Reliance gave the US State Department and the Office of Foreign Assets Control (OFAC) notice of the diesel swap and received word back that the policies that allowed the transaction were still in place.<\/p>\n<p>Washington has exempted some Venezuelan oil trade from sanctions, when transactions are in exchange for fuel and food or to repay debts rather than for cash. But that trade slowed as the US tightened restrictions and refiners, shippers and insurers have been steering clear of Venezuela to avoid any risk they may fall foul of sanctions. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries will this week load its first cargo of Venezuelan crude in three months in exchange for diesel under a swap deal the parties say is permitted under the US sanctions regime on the Latin American country. The Reuters report citing a Reliance sources and a shipping document from state oil firm PDVSA said Reliance gave the US State Department and the Office of Foreign Assets Control (OFAC) notice of the diesel swap and received word back that the policies that allowed the transaction were still in place. Washington has exempted some Venezuelan oil trade from sanctions, when transactions [&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":[130,215,148],"tags":[],"class_list":["post-362571","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362571","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=362571"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362571\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}