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Brazil's Petrobras Will Not Hire Ships That Operated in Venezuela
June 15, 2020
Source: Reuters

Brazil's Petrobras Will Not Hire Ships That Operated in Venezuela

Brazil’s Petroleo Brasileiro SA has told shippers it will not hire any tankers that have visited Venezuela in the past 12 months, the state-controlled oil company said on Friday, signalling adherence to U.S. sanctions on the Latin American nation. Washington has said it could add to its sanctions list, a move that could disrupt sea-borne trade by sharply raising tanker rates.

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