Spain’s Crude Oil Imports From Venezuela Hit the Highest Level Since 2006

Thanks to a U.S. license for Spanish energy major Repsol to import Venezuelan crude, Spain’s crude oil imports from the South American country have hit this year the highest level since 2006, according to Spanish government data. So far this year, Spain has imported about 2.6 million metric tons of crude oil from Venezuela, per data from Spanish government agency Cores cited by Reuters.

Back in 2006, Spain’s crude imports from Venezuela at this time of the year were roughly 2.7 million tons. Venezuela has boosted its crude oil exports…