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“The largest problem is not to load and ship the vessels,” the source said, declining to be identified due to the sensitivity of the matter. “It is to get paid.”. India was once again Venezuela’s main destination for exports in March, with a third of total cargoes sent to refineries operated by Reliance Industries and Nayara Energy groomsmen cufflinks and studs. U.S. imports of Venezuelan oil have dropped to zero since mid-March due to sanctions, according to the U.S. Energy Information Administration..
The largest individual recipient of Venezuelan barrels last month was China National Petroleum Corp (CNPC) and its subsidiaries with some 234,000 bpd, followed by Russia’s Rosneft, which received 214,000 bpd, according to the data. New customers including trading firms Sahara Energy and MS International also received access to Venezuelan crude. Rosneft has increased its share of Venezuelan oil shipments since the sanctions, mainly for reselling to refiners groomsmen cufflinks and studs. Venezuela’s oil minister, Manuel Quevedo, last month traveled to Moscow to negotiate larger sales of Venezuelan oil to Russian companies..
SAN FRANCISCO (Reuters) – A U.S. judge said on Tuesday that PG&E Corp cannot resume dividends and must use the money to reduce wildfire risk in California, stopping short of more costly measures he proposed earlier this year groomsmen cufflinks and studs. The new criminal probation terms for PG&E are modest compared with ones the judge had in mind in January and that PG&E said could have cost upwards of $150 billion. The terms will, however, keep PG&E under the supervision of Judge William Alsup of the U.S. District Court for the Northern District of California and hold the company, which also is in Chapter 11 bankruptcy, to its target for clearing areas around its power lines of some 375,000 trees this year..
PG&E’s probation stems from its felony conviction after a deadly 2010 natural gas pipeline blast in San Bruno, California, near San Francisco, that killed eight people and injured 58 others. PG&E filed for bankruptcy protection on Jan. 29 in anticipation of liabilities from wildfires, including a catastrophic 2018 blaze, the Camp Fire. It killed 86 people in the deadliest and most destructive wildfire in California history. At a January hearing, Alsup, who is overseeing PG&E’s probation, said he felt compelled to propose additional probation terms in the aftermath of Camp Fire groomsmen cufflinks and studs. San Francisco-based PG&E expects its equipment will be found to have caused the blaze..
The probation process is separate from San Francisco-based PG&E’s bankruptcy groomsmen cufflinks and studs. As the company faces $30 billion in wildfire liabilities and bankruptcy proceedings, the energy company is expected to name as its new chief executive Bill Johnson, a source said on Tuesday. Johnson has been the CEO of the Tennessee Valley Authority since 2013 and is retiring on Friday. Additional probation terms imposed by Alsup on Tuesday will require PG&E to meet goals in a wildfire mitigation plan it unveiled in February..