PDVSA

Venezuelan Foreign Minister Jorge Arreaza said US-imposed sanctions are making foreign debt renegotiation more difficult and that the government would look to work with other countries to alleviate their needs.

The statement below was released on May 28 by the Australia-Venezuela Solidarity Network. For more information on the AVSN, visit www.venezuelasolidarity.org .

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On May 24, the United States’ State Department unilaterally imposed sanctions against Venezuela’s state-owned oil company, Petroleos de Venezuela, S.A. (PDVSA). The State Department accused PDVSA of undermining the US sanctions against Iran by sending two cargo ships delivering US$50 million worth of reformate ― a gasoline blending component used to improve the quality of gasoline.

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