India was again the first destination of Venezuela's oil exports following refiner Reliance Industries' decision in October to resume direct business with PDVSA. Other Asian countries including Singapore and Malaysia also imported Venezuelan barrels, according to the data. (An oil pumpjack is seen in La Canada de Urdaneta, Venezuela October 1, 2019. - Reuters filepic)
Venezuela's state-run PDVSA and its joint ventures exported over 1 million barrels per day (bpd) of crude and fuel last month, rebounding from October due to sales to India, Malaysia, China and others according to internal company reports and Refinitiv Eikon data.
The company sent a total of 37 cargoes containing 1.037 million bpd in November, a 25% increase from October, and the third highest monthly figure since the U.S. government in January imposed tough sanctions on PDVSA.
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