Venezuela’s state-owned oil company, Petróleos de Venezuela S.A. (PDVSA), said on Wednesday that crude oil exports are continuing without disruption, despite an announcement by U.S. President Donald Trump declaring a blockade against the South American nation.
In a statement released by the company, PDVSA dismissed concerns over any immediate impact on its operations, insisting that oil shipments remain unaffected.
“Export operations for crude and byproducts continue normally. Oil tankers linked to PDVSA operations continue to sail,” the company said.
The reassurance came amid heightened geopolitical tensions following Trump’s declaration, which raised fears of stricter enforcement of U.S. sanctions aimed at curbing Venezuela’s oil exports. The U.S. has long targeted Venezuela’s energy sector as part of efforts to pressure President Nicolás Maduro’s government.
Despite the sanctions regime, Venezuela has continued to find ways to sell crude oil to international markets, particularly in Asia, often through intermediaries and alternative shipping arrangements. Analysts say the country’s ability to keep exports flowing highlights both the limitations of sanctions enforcement and the resilience of Venezuela’s oil trade networks.
Oil remains Venezuela’s main source of revenue, and any disruption could have severe consequences for its already fragile economy. PDVSA’s statement appears aimed at reassuring trading partners and investors that operations remain stable for now.
However, industry observers caution that while exports may be continuing in the short term, the long-term impact of a potential U.S. blockade could still pose significant challenges to Venezuela’s oil sector if enforcement tightens in the coming weeks.
For now, Venezuela’s oil tankers remain at sea, signaling that the country is pushing forward with exports despite renewed pressure from Washington.
0 Comments