RismadarVoice Reporters
January 5, 2025
Several oil tankers carrying Venezuela’s crude, fuel have departed the country’s waters despite an ongoing United States blockade on oil exports.
The vessels reportedly left Venezuelan territory in recent days, raising questions about enforcement of the embargo.
At least, four of the tankers exited through a northern route near Margarita Island, while others moved into international waters under heavy restrictions. Most of the vessels are under international sanctions, are reportedly operating without active flag registration or updated safety documentation.
The ships are estimated to be transporting about 12 million barrels of Venezuelan heavy crude and fuel. Their final destinations remain unclear, though previous export patterns suggest Asia as a likely route.
Venezuela’s state oil company has reportedly been forced to reduce crude production after storage facilities reached capacity, due to export disruptions caused by the blockade. More than 20 million barrels had reportedly been stuck on tankers before some of the recent departures.
In a separate development, a major United States oil company has resumed limited oil exports from Venezuela, after recalling its staff and restarting shipments following a brief suspension. The company remains the only operator authorized to export Venezuelan crude under existing exemptions.
Oil exports remain Venezuela’s primary source of revenue, with proceeds critical to funding government operations and stabilizing the economy. Authorities are expected to review export strategies as political uncertainty and international pressure continue.
The situation adds to growing tensions, surrounding Venezuela’s oil sector amid diplomatic disputes, sanctions enforcement, and questions over future access to the country’s vast energy reserves.
