Almost 1 million barrels of Venezuelan oil are prepared for shipment to China

11:01 - 10.03.2026


March 10, Fineko/abc.az. Almost 1 million barrels of Venezuelan oil are being prepared for shipment to China, which could be the first delivery since the US operation in that country.

ABC.AZ informs that according to Bloomberg, North American Blue Energy Partners executes the order. 950,000 barrels of Venezuelan Merey crude oil are currently being loaded onto the Skage tanker, which is expected to deliver it to Qingdao.

In January, a source in the American administration told Reuters that the U.S. was ready to ensure the supply of Venezuelan oil to China at "fair market prices".