Venezuela's crude oil exports face port bottlenecks, tankers wait up to 30 days, and daily exports struggle to surpass 1.25 million barrels

智通财经2026/08/21 10:21

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Venezuela's aging oil terminals are severely constraining its export recovery, as equipment failures, power outages, and crude quality issues have led to tanker loading wait times of up to 30 days. Despite a rebound in domestic production and strong international demand, daily export volumes are still struggling to surpass around 1.25 million barrels.
Port congestion is threatening the U.S.-backed plan for rapid expansion of Venezuelan oil exports. As more producers seek to use export infrastructure, competition for the limited port capacity is intensifying, leading to worsening delays, rising costs, and increased disputes among all parties, thereby imposing substantial constraints on the prospects for an export recovery.

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Venezuela's crude oil exports face port bottlenecks, tankers wait up to 30 days, and daily exports struggle to surpass 1.25 million barrels

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