So if true, Venezuelan oil now goes to Houston.

[syed putra]

Venezuela to export $2 billion worth of oil to US in deal with Washington​

By Marianna Parraga and Erin Banco
January 7, 20269:09 AM GMT+8Updated 1 hour ago

Item 1 of 2 Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. Picture taken on April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo
[1/2]Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas April 16, 2015. Picture taken on April 16, 2015. REUTERS/Carlos Garcia Rawlins/File Photo Purchase Licensing Rights, opens new tab

• Summary
• Companies

• Deal to redirect Venezuelan oil exports to US from China
• Trump says agreed volume to supply is 30-50 million barrels
• Exports expected to stem further cuts to Venezuelan output
• Chevron only US firm currently authorized to export Venezuelan oil
• US Interior Secretary says US Gulf refiners would take advantage

HOUSTON/WASHINGTON, Jan 6 (Reuters) - Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, U.S. President Donald Trump said on Tuesday, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts.
The agreement is a strong sign that the Venezuelan government is responding to Trump's demand hat they open up to U.S. oil companies or risk more military intervention. Trump has said he wants interim President Delcy Rodriguez to give the U.S. and private companies "total access" to Venezuela's oil industry.

 

[Leongsam]

Sounds like a great deal which will benefit both the USA and the Venezuelan people instead of China and Iran. It's definitely a win-win for the right parties.

 

[syed putra]

Sounds like a great deal which will benefit both the USA and the Venezuelan people instead of China and Iran. It's definitely a win-win for the right parties.

Venezuela is still under US sanction if i am correct. They could have done this under maduro.

 

[ftan42]

In early January, around a dozen vessels originally bound for China tried to bypass the blockade by navigating in "dark mode," with their transponders turned off.