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Stock impact report

Venezuela pressures foreign partners on oil venture commitments: sources 5:19pm EST [Reuters]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Reuters
Venezuela pressures foreign partners on oil venture commitments: sources | Reuters 3 Min Read (Reuters) - Foreign partners of Venezuela’s PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, three people familiar with the matter said. The sanctions on Petroleos de Venezuela (PDVSA), imposed last month in an attempt to dislodge Venezuelan President Nicolas Maduro, barred access to U.S. financial networks and oil supplies for the PDVSA joint ventures, pressuring the nation’s already falling crude output and exports. PDVSA’s Orinoco Belt joint venture partners, mostly U.S. or European companies, are facing difficulties getting cash-flow out of the country as a result of the sanctions, straining their ability to continue output and exports. PDVSA has been in talks with the companies to persuade them to commit publicly to the joint ventures, the sources said in recent Show less Read more
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