February 8, 2019 / 6:13 PM / 15 days ago

Venezuela's Maduro warns oil sales blockade would be 'catastrophic'

Venezuela's President Nicolas Maduro attends a gathering in support of his government in Caracas, Venezuela February 7, 2019. REUTERS/Carlos Barria

CARACAS (Reuters) - Venezuelan President Nicolas Maduro warned on Friday that blocking all oil shipments from his OPEC-nation would have “catastrophic consequences” in the wake of crippling sanctions imposed by the United States on state oil company PDVSA.

In a news conference in Caracas, Maduro also said anyone who accepted illegal nominations by the opposition to PDVSA and its U.S. subsidiary Citgo Petroleum Corp.

“The economic and social consequences of a total blockade to our oil shipments would be catastrophic,” he said.

Reporting by Caracas newsroom; Writing by Sarah Marsh

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