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by lurk2
193 days ago
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> Interesting that I read elsewhere that most Venezuelan oil goes to China due to the sanctions. It's possible China has built out its infrastructure in the past 5 years and can process this oil now, but in the 2010s the more common practice was for the Venezuelans to sell the oil to a Chinese intermediary that would transport it on a tanker to the Gulf Coast, where the American refineries capable of processing Venezuelan sour crude are located. |
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