Venezuela’s oil opened to Europe after two years

Statistics from the Refinitive Icon Institute show that for the first time in two years, an oil shipment from Venezuela is being sent to Europe.

Accordingly, the Italian oil company Eni has leased a tanker to transport 650,000 barrels of Venezuelan oil, and this oil shipment is to be sent to the European market.

The State Department reportedly sent Venezuelan oil import licenses to Eni Italia and Repsol Spain in May. Of course, it is said that Venezuela is going to sell oil to the Europeans instead of its debt.

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