Exports of Venezuelan oil resumed after two years

For the first time in two years, oil is sailed from Venezuela to Europe.

Photo: Stringer/Reuters/Ritzau Scanpix

650,000 barrels of Venezuelan oil chartered by Italian oil giant Eni are right now on the way from Venezuela to Europe.

It’s the first time in two years that oil is being exported from the country, which is sanctioned by the US, writes news agency Reuters with reference to data from Refinitiv Eikon.

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