[Venezuelan Oil Shipments To China Rebranded As Brazilian Crude To Evade Sanctions] According To Tanker Tracking Firms And Traders, Over $1.2 Billion Worth Of Venezuelan Oil Shipments To China Have Been Rebranded As Brazilian Crude Since July 2024 Through Methods Including Spoofing Tanker Locations, Enabling Direct Voyages To Circumvent U.S. Sanctions. Chinese Customs Data Shows China Imported 2.7 Million Metric Tons Of "mixed Bitumen" Valued At $1.2 Billion From Brazil Between July 2024 And March 2025, While Brazil's State Oil Company Petrobras States Brazil Rarely Exports This Product To China.

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