Venezuela’s Citgo to buy oil from Canada

Muscat Daily - - BUSINESS -

Citgo Pe­tro­leum Corp, the largest US im­porter of Venezue­lan oil and a unit of state-owned Petroleos de Venezuela SA, has started to make quiet en­quiries to buy Cana­dian crude for its re­finer­ies in Texas and Louisiana, peo­ple fa­mil­iar with the sit­u­a­tion told Bloomberg.

Venezuela is ship­ping less to Citgo as it redi­rects more of its shrink­ing sup­ply to China and In­dia to re­pay loans.

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