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Trafigura, Equinor, Exxon, and Unipec are among the companies that are increasingly turning their backs on Venezuelan oil contracts, along with vessel operators, all too aware of the consequences of violating U.S. sanctions against Venezuela. Reuters reports, citing sources familiar with the situation, that Trafigura, for one, had told its traders to avoid any dealings with Venezuela, both directly and indirectly. At the same time, Unipec—the trading arm of Chinese Sinopec—had revised its oil tanker contracts to state that the vessels…

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