Venezuela to divert crude destined for US to Russia

Venezuelan Oil Minister Manuel Quevedo said on Monday that his country may divert oil that was mainly destined for the United States to Russia or other countries.

Manuel Quevedo, who is also president of the state-run oil company PDSA, said at a meeting of oil ministers from OPEC and elsewhere in Baku, Azerbaijan, that the generator at Venezuela’s main oil port of Venezuela is now operating after the power cut that halted crude exports last week.

The minister said that Caracas will decide the destination to which its oil will be shipped, and that the main goal of his country is to strengthen relations with Russia and has pledged to abide by oil supply contracts.

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