Undeterred by US sanctions, Venezuela has reportedly resumed direct oil shipments to China after a year of underground trading. Venezuelan oil exports had crashed to multi-decade lows under intense pressure from Washington.
The first tanker to restart the shipping of crude from the shores of the Bolivarian Republic to China was the Kyoto, which loaded 1.8 million barrels of oil at Venezuela’s Jose port in late August, according to data from shipping monitoring service Tanker Trackers, as quoted by Reuters.
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