Venezuela sends its first crude oil shipment to Israel in years after Maduro's capture, according to Bloomberg
Venezuela will send its first crude oil shipment to Israel in years, as exports from the Latin American country reactivate after the capture of its president, Nicolás Maduro. Bloomberg The shipment will be transported to Bazan Group, the Mediterranean country's main crude oil processor, according to people familiar with the deal who asked not to be identified because the information is not public. [...]
TL;DR
- Venezuela is sending its first crude oil cargo to Israel in years.
- The shipment is destined for Bazan Group, Israel's main crude oil processor.
- This marks a reactivation of Venezuelan exports after the capture of President Nicolás Maduro.
- Previously, much of Venezuela's oil production was sold to China.
- Recent months have seen Venezuelan oil shipments to India, Spain, the US, and Israel.