Venezuela: Oils Exports Grew 61% Last Month

Venezuelan oil exports increased by 61 percent last month. Jul. 6, 2022.

Published 6 July 2022

Opinion

The West and the Majority World - Repression Versus Openn...

by teleSUR/MS

Texas National Guard on the border with Mexico, 2024.

Migration, Trump, Biden and What is to Come

by Jose Cabañas Rodriguez

Data shows an increase in oil exports in Venezuela in the last month.

Venezuela recorded a 61 percent increase in its oil exports last month, mainly due to the first shipments of Venezuelan crude to Europe in two years.

RELATED:
OPEC: Iranian and Venezuelan Oil To Ease Energy Crisis

According to data and documents released on Tuesday by the state-owned oil company Petróleos de Venezuela (PDVSA), the shipments of Venezuelan crude were delivered to the European companies Eni (from Italy) and Repsol (from Spain), following the green light from the US, a country that maintains tough sanctions against Caracas.

Washington decided to allow these exports in order to help Europe compensate for the energy shortages caused by the crisis in Ukraine.

In fact, in June, the oil company PDVSA exported an average of 630,500 barrels of crude and fuel per day.

#6Jul ��️ | Los primeros cargamentos de crudo de Venezuela enviados a Europa en dos años ayudan a elevar las exportaciones de petróleo del país https://t.co/2aPC3tQC46
— Sumarium (@sumariuminfo) July 6, 2022

Venezuela's first crude shipments to Europe in two years help lift country's oil exports.

On Tuesday, the head of the Organization of the Petroleum Exporting Countries (OPEC), Nigeria's Mohamad Barkindo, said that the oil from Venezuela alongside Iran could ease the global energy crisis.