The first two Venezuelan oil cargoes by Chevron after the license left for the US

The first two cargo of Venezuelan oil exported by Energy Major after receiving new US authorization to operate in the country last month had sailed to the United States, ship monitoring data showed on Friday.

The US Department of Finance gave a new license chevron at the end of July which enabled it to operate in South America which was approved and exported its oil, changes in policies from the tighter rules imposed by Trump’s administration earlier this year.

The Chevron tanker, which was charter, Mediterraneanvoyager and Canopus Voyager departed from Venezuelan waters on Friday brought Hamaca cargo and thick boscan to the US refineries, according to LSEG data and export records from PDVSA state companies.

One of the ships is heading to the west coast of the US, while the others navigate to Port Arthur, Texas, with an estimated arrival date next week, the data shows.

Chevron separately negotiated the reactivation of the supply agreement with which could give the US most of the cargo entitled Chevron from Venezuela’s crude oil, which was popular among the US Bay Recorder, said the source.

Chevron said that they run their business globally in accordance with applicable laws and regulations, as well as US sanctions. The head of the company’s executive, Mike Wirth, earlier this month said exports from Venezuela would be continued in small volumes.

Chevron exported around 252,000 barrels per day (BPD) of Venezuelan oil to the US in the first quarter, around 29% of the total OPEC countries.
Source: Reuters