Venezuela reassures on oil supply

Venezuela has pledged to keep supplying oil to the United States despite a growing diplomatic row that has included the expulsion of envoys in recent days.

    Chavez threatened to shut US-based refineries

    Bernardo Alvarez, the Venezuelan ambassador in Washington, said on Thursday: "We are - and we are going to be - a reliable source of oil for the world, including the United States."

    Hugo Chavez, president of Venezuela, said on Saturday that he could shut his government's US-based refineries and sell oil to nations other than the United States if Washington decided to cut diplomatic ties.
       
    Chavez said he did not want to take such measures after he expelled a US military attache on spying charges and Washington responded by ordering out a senior Venezuelan diplomat who was Alvarez's chief of staff.
       
    Venezuela, the world's No 5 oil exporter, supplies about 15% of US petroleum imports.

    Venezuelan state oil firm PDVSA also operates refineries and petrol stations in the United States through its Citgo refining and retailing arm.

    Washington has made no suggestion that it plans to cut off relations with Venezuela, but the deteriorating ties sometimes disturb the world's oil markets. 

    SOURCE: Reuters


    YOU MIGHT ALSO LIKE

    Double standards: 'Why aren't we all with Somalia?'

    Double standards: 'Why aren't we all with Somalia?'

    More than 300 people died in Somalia but some are asking why there was less news coverage and sympathy on social media.

    The life and death of Salman Rushdie, gentleman author

    The life and death of Salman Rushdie, gentleman author

    The man we call 'Salman Rushdie' today is not the brilliant author of the Satanic Verses, but a Picassoesque imposter.

    The Beirut Spy: Shula Cohen

    The Beirut Spy: Shula Cohen

    The story of Shula Cohen, aka The Pearl, who spied for the Israelis in Lebanon for 14 years.