Venezuela resumes direct oil supplies to China despite US sanctions

The first tanker shipped 1.8 million barrels of heavy oil at the end of August, the Agency said.

Venezuela resumed direct oil supplies to China, which were held underground due to sanctions from the United States. This was reported by Reuters on Friday, citing data from the analytical company Refinitiv Eikon and official documents of the Venezuelan state oil and gas company PDVSA.

According to the Agency, the first tanker to resume transporting Venezuelan oil directly to China was Kyoto, discovered by the shipping monitoring service Tanker Trackers while loading 1.8 million barrels of heavy oil in the Venezuelan port of Jose in late August.

According to him, the Chinese national oil and gas corporation and the oil and gas giant PetroChina, which are among the clients of PDVSA, stopped loading raw materials in Venezuela’s ports in August 2019. This happened after the expansion of US restrictions against the Venezuelan company.

The sanctions imposed by the Washington administration on the Venezuelan oil sector prohibit American companies from doing business with any authorities or enterprises controlled by the government of President Nicolas Maduro. The United States imposed sanctions on the state oil company PDVSA on January 28, 2019.

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