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US Sells Seized Venezuelan Oil Tankers for Scrap

The US has sold two oil tankers seized from Venezuela to a Dubai firm for recycling.

11 August 2026Tagblick Newsdesk

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Archive photo: US Sells Seized Venezuelan Oil Tankers for Scrap — Archive photoPhoto: CHeitz · Flickr · BY

The United States sold two oil tankers that had been seized from Venezuela to Global Marketing Systems, a ship recycling company based in Dubai. The transaction took place last month, although the specific sale amount has not been disclosed.

These vessels had previously been sanctioned and were part of a US military operation before being sold off for scrap. The acquisition by Global Marketing Systems marks a significant development regarding these assets.

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