Spanish import imports from Venezuela in January and February increased approximately 59% compared to the previous yearas a key deadline for sanctions established by the government of the president of the United States, Donald Trump, is approaching.
In the first two months of 2025, Spain imported 449,000 tons of crude oil from Venezuela, compared to the 283,000 tons of the same period of the previous yearaccording to data published on Friday by the Corporation of Strategic Reserves of Petroleum Products, CORES, under the Ministry for Ecological Transition of Spain.
The US authorities announced last week a 25% tariff on products from countries that buy raw and Venezuelan gas and They revoked the authorizations that had granted foreign partners of the PDVSA state oil company to operate and export from the OPEC country.
Under the permission granted by the previous United States government, the largest Spanish oil company Repsol agreed to receive PDVSA oil as payment of the debt. Increased import volumes last year.
Now he is in conversations with Washington to find ways to continue operating in Venezuela after it was given a deadline until May 27 to liquidate your operations there.
Last year, Spain imported more than 3 million tons of Venezuelan oilmore than double than in 2023 reaching levels not seen since 2015. The Venezuelan president, Nicolás Maduro, and his government have always rejected the sanctions of the United States and other countries, saying that they are illegitimate measures that are equivalent to an “economic war” designed to paralyze the country.
