🇻🇪🇻🇪⁉️🇧🇷 — 🇨🇳 A report published by Reuters revealed that oil trading companies may have shipped over US$ 1 billion worth of Venezuelan oil to China disguised as Brazilian product since at least July 2024

➡️ This scheme allows tankers to sail directly from Venezuela to China, bypassing stops in Malaysian waters and shortening the trip by about four days. In addition to reducing costs, the practice helps circumvent U.S. and other international sanctions imposed on Venezuelan oil due to Nicolás Maduro’s regime and its repression.

🔍 One piece of evidence is Chinese customs data, which shows that China imported about 67,000 barrels per day of "mixed bitumen" from Brazil between July 2024 and March 2025, totaling US$ 1.2 billion. However, Petrobras president Magda Chambriard stated in Houston last week that the Brazilian state oil company exports "mainly pre-salt crude oil to China, not bitumen".

Reuters further reported that Brazilian customs data shows no export of mixed bitumen to China since at least 2023. In reality, many of the cargoes labeled as Brazilian mixed bitumen contain Venezuela’s Merey crude, a blend of extra-heavy and lighter oil. This was confirmed by trading sources, Vortexa Analytics, and internal documents from PDVSA, Venezuela’s state oil company.

❌ The investigation used maritime navigation data, satellite imagery, and coastal photographs compiled and analyzed by TankerTrackers.com. Neither the Chinese nor Venezuelan governments have commented on the matter.

Source 🖇

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