Venezuelan oil exports rise in April despite Rosneft sanctions

Venezuela shipped 31 cargoes of crude and refined products last month carrying an average of 848,500 barrels per day (bpd), a small increase from the 814,000 bpd the previous month, the data showed.
This year, the United States sanctioned two units of longtime PDVSA business partner Rosneft over allegations of hiding the country of origin for Venezuelan crude shipments.
President Donald Trump’s administration set a May 20 deadline for the Russian energy giant to wind down purchases of Venezuelan oil and for ultimate customers to buy from Rosneft.
Those measures hit Venezuela’s oil exports in March. Rosneft, which had been re-selling up to two-thirds of the cargoes, and other key customers such as India’s Nayara Energy and Reliance Industries cut purchases from PDVSA.
But others, primarily Mexico-based Libre Abordo and Schlager Business Group, replaced Rosneft as the largest intermediaries of Venezuelan crude under an oil-for-food pact. That agreement is under investigation by U.S. authorities.
China last month was again the largest direct destination for the crude with about a quarter, or 191,000 bpd. Malaysia, an active hub for trans-shipment and blending of Venezuelan oil, received about 290,000 bpd. A large percentage of barrels passing through Malaysia ends up in China as well, Refinitiv Eikon tanker tracking data showed.
India, one of the top three destinations for Venezuelan oil this year, reduced its share of exports to 8% of the total, while Europe took 16%. Maduro’s main political ally, Cuba, received 7% of exports or 58,000 bpd.
PDVSA did not respond to a request for comment.
Rosneft in March sold all its Venezuelan assets to an undisclosed firm owned by the Russian government. U.S. officials have said sanctions on Rosneft’s trading units could be lifted once it is clear they are no longer involved in Venezuela.
With Rosneft’s departure, Libre Abordo and a related firm, Schlager Business Group, were responsible for handling almost 40% of PDVSA’s sales last month, a large increase over volumes received from January through March.
The Mexican firms began lifting Venezuelan oil in late 2019 after signing an agreement with Maduro’s government to exchange Venezuelan oil for corn and water trucks, which started arriving in the crisis-stricken country last month.
The companies largely have replicated Rosneft’s model for marketing Venezuelan oil, covering the same routes, using the same trans-shipment hubs and offering the cargoes mostly to the same customers, according to trading sources.
Libre Abordo and Schlager, which have so far taken over 26 million barrels of Venezuelan oil and fuel, last week said that the oil-for-food pact was signed for humanitarian reasons, after legal revisions to make sure it did not violate U.S. sanctions.
U.S. Secretary of State Mike Pompeo and special envoy for Venezuela, Elliott Abrams, last week said the State Department, the Treasury and the U.S. Embassy in Mexico are investigating the firms as they believe they are acting as shell companies.
Related News.
October 16, 2026
Navigating the Multi-Orbit Era: In Conversation with Intellian’s Jon Harrison at SMM 2026
At SMM 2026 in Hamburg, the rapid evolution of maritime satellite communications took centre stage. Across the exhibition halls, discussions among…
October 16, 2026
Cyprus ports need joint energy and investment strategy, shipping agents chief says
Cyprus needs a coordinated strategy for shipping, energy and environmental protection to support port investment and modernisation, Cyprus shipping…
October 16, 2026
MASO Public Affairs introduces MASO Regulatory Intelligence
A new subscription service helping businesses understand what is changing and what it means for them MASO Public Affairs introduces MASO Regulatory…
October 16, 2026
Anglo-Eastern helps turn CMBTECH’s ammonia ambition into an operational reality
From early feasibility study and risk-based design to newbuilding supervision, crew readiness and technical management, Anglo-Eastern drew on its…
October 16, 2026
Escalation of attacks threatens to derail recovery in Middle East oil exports
World oil demand is forecast to fall by 2.5 mb/d y-o-y in 4Q26 and 2.6 mb/d on average in 2026. As the Iran war manifests itself through restricted…
October 16, 2026
New study finds shipping pays twice its share to EU ETS earmarked revenues should triple to help build market for sustainable fuels and technologies
Shipping is responsible for around 10% of EU ETS emissions but pays almost 20% of the ETS bill. Unlike other sectors, it has never received free…
October 16, 2026
MSARC strengthens maritime mass rescue readiness through training and national live exercise off Dakar, Senegal
Joint MSARC–FHAS programme combines three days of SAR training with a national multi-agency live exercise The Maritime Search and Rescue Council ,…
October 16, 2026
Sogese report deliveries are still being delayed as container freight rates fluctuate
FOR IMPORTERS Spot rates into the Mediterranean are back at January levels, Far East to Europe reliability sits at pandemic lows, and nearly…
October 16, 2026
Glencore begins trading on Australian Securities Exchange
Glencore has begun trading on the Australian Securities Exchange under the ASX code GLC. Gary Nagle, Glencore’s CEO, said it was an exciting day for…
October 16, 2026
BIMCO Shipping Number of the Week
Suez Canal container ship transits exceed 50% of pre-disruption levels "During the first two weeks of October, weekly container ship capacity…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























