Russian Fuel Is Flowing Thousands of Miles to Crisis-Hit Venezuela
- Venezuela bought over 1 million Russian barrels in June, July
- South American nation struggles to raise runs at refineries
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Russian oil products are making their way to sanction-stained Venezuela, affording a reprieve for the Latin American nation as it battles persistent fuel shortages.
Venezuela received at least 616,000 barrels of gasoline and 500,000 of vacuum gas oil, a feedstock used to produce gasoline, in June and July. The cargoes sailed from the Black Sea port of Taman to Malta, where they were transferred to other vessels heading to Venezuela, according to people familiar with the cargoes and ship-tracking data compiled by Bloomberg.