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January 4, 2023
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Chevron will send 500,000 barrels of Venezuelan crude to the US, according to Reuters

Chevron asks OFAC to renew license in Venezuela and proposes to expand business

Chevron plans to export 500,000 barrels of Hamaca heavy crude from the Petropiar joint venture


The American transnational Chevron plans to export its first shipment of oil from Venezuela during the month of January to take it to its refinery in Pascagoula, in Mississippi, USA.

The shipment, according to the Reuters agency, is made up of 500,000 barrels of Hamaca heavy crude that comes from the Petropiar joint venture. It will embark in the port of Jose, in the state of Anzoátegui.

As of Tuesday, the tanker scheduled to carry the shipment, the Bahamas-flagged Caribbean Voyager, was waiting to load near Jose, Refinitiv Eikon data showed.

Another ship chartered by Chevron, the Eagle, arrived in Venezuelan waters on Tuesday with 500,000 barrels of naphtha to improve the crude obtained from Petropiar.

*Read also: Chevron needs progress in the reactivation of 18,000 wells to meet the goal of 200,000 bpd

Now the news agency Argus had said that a Chevron tanker, the Beauty One, had begun loading 250,000 barrels of Boscán heavy oil in Bajo Grande, Zulia state, for export to the United States after the easing of sanctions that allow the US company to expand its operations. operations in the country.

The vessels were sent by the transnational to charter the first shipment of crude oil bound for the United States on Friday, December 30, something that had not happened for four years.

This would be the first action taken under the extended license that the United States issued on November 26 and with which it allows the company to import oil or hydrocarbon products produced by its companies in Venezuela. This came just after the Venezuelan government and the opposition said they would resume political talks in Mexico.

With this permit, Chevron could have a larger role in four Venezuelan oil joint ventures that produce, process and export crude, and bring its oil to the US.

With information from VOA

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