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(Reuters) - U.S. oil refiners said they would comply with the Trump administration’s new sanctions announced on Monday on dealings with Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and take steps to lessen any impacts on consumers. Companies that provide oilfield services declined to comment on operations in Venezuela. Many have taken write-offs on Venezuelan holdings in recent years and some have opted to reduce operations in the South American country. Phillips 66 said in an email it was confident it could obtain alternative sources of oil to lessen any disruption to its operations. The company said it complies with all U.S. laws, and noted that Venezuelan crude historically has made up a small percentage of its oil supply.

Chevron Corp said it actively manages its crude supplies to be able to furnish customers with fuels and lubricants, and continues to comply with U.S, laws, Valero Energy Corp is reviewing the new U.S, sanctions and “will re-optimize” its oil purchases to minimize any impacts on its operations, the San Antonio, Texas-based company said custom engraved cufflinks in a statement, It also plans to aid the United States to make the nation’s refining system operate more efficiently as a result of the sanctions, it said..

Citgo Petroleum, the U.S. refining arm of PDVSA, did not reply to a request for comment. The Houston-based company received some 175,000 barrels per day of Venezuelan crude last year, more than any other U.S. refiner. PBF Energy Inc declined to specify its responses to the sanctions, saying it considers its stance on the issues related to Venezuela as confidential information. The Parsippany, New Jersey-based company was the fifth largest receiver of Venezuelan crude with 9,505 barrels per day last year.

Oilfield services provider Halliburton Co declined to comment on its operations in Venezuela, Last year, the company said it would write off a remaining investment of $312 million in Venezuela, Weatherford International Plc declined to comment on its operations in Venezuela, In the fourth quarter of 2017, Weatherford took a $230 million write-down on its Venezuelan receivables, Top oilfield services provider Schlumberger said it was “closely reviewing the new sanctions imposed against custom engraved cufflinks PDVSA to ensure we continue to follow all applicable laws.”..

In 2016, the company began reducing activity in Venezuela amid overdue bills. In 2017, the company took a $938 million write-down on its Venezuelan holdings and unpaid bills. General Electric’s Baker Hughes declined to comment on its operations in Venezuela. In its latest annual filing, the company said it was actively managing the relationship with its customer in Venezuela as they “transition through a difficult period” and had increased its allowance for doubtful accounts in the fourth quarter of 2017 by $55 million to offset exposure from that unnamed customer.

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Tuesday it has received approval from U.S, regulators to sell its new 2019 Ram 3500 pickup truck after the Italian automaker had raised concerns a prolonged custom engraved cufflinks government shutdown could delay the new heavy duty vehicle, The Environmental Protection Agency granted certification for the gasoline and diesel-powered versions of the 3500, Fiat Chrysler said, adding that the new vehicles are on schedule for their launch later this year, A 35-day partial U.S, government shutdown ended on Friday after Congress and the White House agreed to a three-week funding extension..

WASHINGTON (Reuters) - The U.S. State Department has approved a possible sale to Japan of two Lockheed Martin-made AEGIS Weapon Systems and related missile defense equipment for an estimated cost of up to $2.15 billion, the Pentagon said on Tuesday. Last year, Japan picked Lockheed to build a powerful new $1.2 billion radar meant to guard against North Korean missile strikes. The Pentagon’s Defense Security Cooperation Agency notified Congress of the possible sale on Tuesday. The AEGIS weapons system approval also included approval for a related command and control processor refresh that will be done by General Dynamics Corp the Pentagon said.

(Reuters) - Verizon Communications Inc on Tuesday said it does not expect profit growth in 2019 due to a higher tax rate and interest expense, and missed Wall Street estimates for fourth quarter revenue, The largest U.S, wireless carrier by subscribers said 5G, the next-generation wireless network that is expected to bring much faster data speeds, will not have a large impact on Verizon’s financials until 2020, foreshadowing a year of flat growth for the major U.S, carriers, Craig Moffett, an analyst with MoffettNathanson, said in a note on Tuesday that investors have been focused on what the build-out of 5G will cost Verizon rather than how much custom engraved cufflinks it will earn from the technology..