Oil Tankers Arrive in Venezuela Amidst U.S. Sanctions and Blockade Efforts
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Oil Tankers Arrive in Venezuela Amidst U.S. Sanctions and Blockade Efforts

Despite U.S. sanctions and patrols, some oil tankers continue to arrive in Venezuela, with at least two sanctioned vessels reaching the country recently and two more approaching. These shipments are part of arrangements, including debt service to China, made since 2019. While many vessel owners are deterred, some tanker owners are proceeding. Venezuela's state oil company, PDVSA, is negotiating contract changes to maintain exports, though a recent cyberattack has slowed operations. Chevron tankers are exempt and continue to sail to the U.S.

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