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The French oil company Total withdrew its team from Venezuela, where its accounts were blocked by US sanctions, said Thursday the company's president, Patrick Pouyanné.
"The accounts are stalled because of US decisions," said a company official citing the sanctions imposed by Washington. "Our other practical problem is that with these sanctions, we will no longer be able to run Venezuela's operations in the United States … but in Europe," he said at the time. a presentation of the annual results.
The activity of Total in Venezuela was until now supervised in Houston, Texas.
"We decided to evacuate all the Venezuelan team in the light of what was happening since last Monday," added Pouyanné.
The United States announced new sanctions against the Venezuelan state oil company PDVSA in order to increase the pressure on President Nicolás Maduro.
"Of course, we will respect all the sanctions", promised Patrick Pouyanné. "We are looking at sanctions legally, but it is clear that we will go into hibernation mode." "For us, Venezuela represents 50,000 barrels a day, which represents 3 million production is not essential for the size of the group," he badured.
Total is present as an badociated company in the Venezuelan deposits of Orinoco, from which is extracted extra heavy oil. The company also has a stake in a small gas project.
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