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

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Thou Shalt Not Kill: Israel's Hilltop Youth

    Meet the hardline group willing to do anything, including going against their government, to claim land for Israel.