Oil Companies Scared To Get Caught Between U.S. And Venezuela

Foreign oil companies currently doing business with Venezuela’s state-run oil company are growing increasingly nervous about their relationship with PDVSA as the US turns up the heat on sanctions against the Maduro regime, unnamed Reuters sources have said. The United States’ latest round of sanctions froze all Venezuelan government assets in the United States, and it also threatened to sanction individual firms. The increase in pressure by the United States has companies such as Equinor, Total, and Repsol wondering if they too will…