Millions of barrels of sanctioned Venezuelan crude headed for China – WorldOil

Millions of barrels of sanctioned Venezuelan crude headed for China – WorldOil

By Lucia Kassai sure 01/25/2021 (Bloomberg) – This may be the oil market’s worst-kept secret: Millions of barrels of Venezuelan heavy crude, under embargo by the United States, have been surreptitiously shipped to China. Cat-and-mouse games that evade detection and punishment include ship-to-ship transfers, shell companies, and silent satellite signals. But there is another aspect […]
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