Venezuela resumes direct oil shipments to China despite US sanctions

Topics Venezuela | China | oil export

By Luc Cohen and Marianna Parraga (Reuters) - Venezuela has resumed direct shipments of oil to China after U.S.

sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA). Chinese state companies China National Petroleum Corp (CNPC) and its listed subsidiary PetroChina - long among PDVSA's top customers - stopped loading crude and fuel at Venezuelan ports in August 2019 after Washington extended its sanctions.

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