Two Chinese oil supertankers on their way to pick up Venezuelan oil made U-turns and headed back to Asia, reports indicate.
Reuters, citing Monday shipping data from LSEG, details two Chinese tankers were sailing to Venezuela to pick up new oil-for-debt cargoes before they decided to reverse course.
The Venezuelan socialist regime owes billions of dollars to the Chinese communist regime, a debt first accrued during the rule of late socialist dictator Hugo Chávez. At press time, no regime official has publicly disclosed the exact amount owed to China. Bloomberg reported on December that Venezuela’s credit exposure to China is estimated at $59.2…
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