Chevron(US:CVX) Sou Hu Cai Jing·2025-12-29 06:15Core Viewpoint - The article highlights the resilience of Venezuela's oil exports despite stringent U.S. sanctions, attributing this success to the strategic partnership between Venezuela, Russia, and China, which has effectively circumvented U.S. efforts to disrupt its oil trade [1][5]. Group 1: U.S. Sanctions and Venezuela's Oil Industry - The U.S. has implemented severe sanctions against Venezuela, threatening any country or company that engages in oil trade with Venezuela, including imposing a 25% additional tariff and potential direct sanctions [1][3]. - Venezuela's economy heavily relies on oil exports, which account for over 95% of its foreign exchange income, making it vulnerable to U.S. sanctions [1][5]. Group 2: Strategic Partnerships with Russia and China - Russia and China have developed alternative payment methods, using the ruble and yuan instead of the U.S. dollar, and even engaging in barter trade, which allows Venezuela to bypass U.S. financial controls [3][5]. - Russia has provided specialized oil tankers for Venezuela, while China has assisted in upgrading oil infrastructure and training local personnel, ensuring stable production and quality of oil [3][5]. Group 3: Expanding Market Opportunities - The partnership with Russia and China has encouraged other emerging market countries to engage in oil trade with Venezuela, as they feel more secure in purchasing Venezuelan oil backed by these nations [3][5]. - The demand for Venezuelan oil remains strong due to its affordability and stable transportation routes, despite U.S. sanctions [5][7]. Group 4: Implications of U.S. Sanctions - The article criticizes the hypocrisy of U.S. sanctions, noting that American companies, such as Chevron, continue to transport Venezuelan oil without facing repercussions, revealing a double standard in U.S. policy [5][7]. - The ongoing trade between Venezuela and its partners serves as a counter to U.S. unilateral sanctions, demonstrating that global energy markets are not solely dictated by U.S. interests [5][7].