Venezuela delivers oil to Israel for the first time in 6 years

Oil from Venezuela will be delivered to Israel for the first time in several years. Bloomberg experts attribute this to political changes in the South American country.

Venezuela has shipped oil to Israel for the first time since 2020, Bloomberg reports. The last shipment, 470,000 barrels, took place almost 6 years ago.

"When the cargo arrives, it will be the first such shipment since mid-2020, when Israel purchased about 470,000 barrels,”

— Bloomberg.

According to media reports, the export is for the Bazan Group oil company, the largest oil refiner in the region.