Chevron to send 100K bbl/day of Venezuelan crude to U.S. this month
Chevron $Chevron(CVX)$ is on track to ship more than 100K bbl/day of Venezuelan crude oil to the U.S. this month under a license from the U.S. Treasury Department, Reuters reported, citing shipping documents and data.
Chevron (CVX) has received and exported three cargoes of Venezuelan crude to the same destinations so far in February, and it has tankers waiting to load five more cargoes before the end of the month, according to the report.
The oil shipped under the U.S. license until now has come from accumulated inventories of heavy crude from Chevron's (CVX) two main joint ventures in Venezuela - Petropiar and Petroboscan - with state-owned PdVSA.
Chevron resumed Venezuelan operations in December and began shipping crude in January.
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