Workers are seen near pumpjacks at a China National Petroleum Corp (CNPC) oil field in Bayingol, Xinjiang Uighur Autonomous Region, China. Reuters
China National Petroleum Corp has halted August loadings of Venezuelan oil following the latest set of US sanctions on the South American exporter, two Beijing-based senior sources with direct knowledge of the matter told Reuters on Monday.
The Trump administration in early August froze all Venezuelan government assets in the United States and US officials ratcheted up threats against companies that do business with Venezuela.
A CNPC spokesman did not immediately respond to Reuters' requests for comment.
“Trump's executive order gave a directive for the follow-up sanction measures that shall be announced by the US Treasury... CNPC is worried that the company is likely to be hit by the secondary sanctions,” said one source.
A second person, an executive with a key marketer of Venezuelan oil in China, said his company was notified of the suspension.
The two sources declined to be identified as they are not authorised to speak to the media.
Xi "pushed for the US to show flexibility and meet the DPRK (North Korea) halfway, including the timely easing of sanctions against the DPRK and finding a solution to each other's concerns through dialogue," Wang Yi told reporters.
The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told
Japan expects a limited impact from the US decision not to renew waivers previously granted on Iran oil import sanctions, the country’s trade and industry minister said on Tuesday.
Pakistan has approved the construction of five liquefied natural gas (LNG) terminals by groups that include Exxon Mobil Corp and Royal Dutch Shell, aiming to triple imports and ease the country's chronic gas shortage,
Dubai has risen in the ranks of the Global Financial Centres Index, GFCI, to the eighth position, representing its highest ever-ranking.
The GCC States are keen to develop the joint cooperative system among them through a number of vital and strategic projects and plan to achieve economic integration among member states.
Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, now offers direct flights between Sharjah and Vienna. The non-stop six-hour flight to Vienna, will operate four times a week, on Sundays, Wednesdays, Fridays and Saturdays,