Tankers with 18 million tons Venezuelan oil are trapped at sea

Fear of sanctions mean that tanker ships carrying millions of tons of Venezuelan oil are unable to find buyers for their cargo, reports Reuters.

Photo: Federico Parra/AFP/Ritzau Scanpix

At least 16 tanker ships carrying 18.1 million tons of Venezuelan oil are trapped at sea, as potential buyers stay away due to fears of being hit by US sanctions, reports Reuters.

Several of the ships have been sailing around with their cargo for more than six months and have tried in vain to offload it in several ports. The 18.1 million tons correspond to two months of production in Venezuela.

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