March 4 (UPI) -- Venezuela state oil company Petróleos de Venezuela S.A. announced signing new contracts to supply crude oil and refined products for the U.S. market.
The agreements were signed with several international trading companies to ensure a stable flow of energy to refineries along the U.S. Gulf Coast, according to a statement from the company.
Although PDVSA did not disclose the names of the parties, the contracts add to existing operations involving major companies such as Chevron, which plans to increase exports to about 300,000 barrels per day this month.
PDVSA said the agreements maintain a "historic commercial relationship" with the United States and reaffirm the company's "commitment to the stability of the international energy market.".
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