PDVSA Oil Terminal Declares Bankruptcy ...Middle East

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PDVSA Oil Terminal Declares Bankruptcy
source : OILPRICE ( Middle East ) () 17
The operator of an oil terminal operated by Venezuela’s state oil company PDVSA has declared bankruptcy, blaming it on U.S. sanctions, Reuters has reported, citing court documents. According to the court documents, the operator of the terminal on the Caribbean island of Bonaire filed for bankruptcy earlier this month, saying it could not keep paying its debts because U.S. sanctions had cut off its access to “international trade” and to cash in bank accounts. However, the company, Bonaire Petroleum Corporation, said in its filing…

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