China has significantly increased its oil and gas imports from U.S.-sanctioned countries like Venezuela, Iran, and Russia. In 2025, China imported approximately 1.38 million bpd of Iranian crude and 642,000 bpd from Venezuela, while also relying on Russia for about 2 million bpd. This trend allows China to benefit from discounted fuel prices while circumventing U.S. sanctions.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue