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Chevron made the first shipment of Venezuelan crude to the US after the resumption of activities in the Caribbean country

The first shipment of Venezuelan crude sailed for the US after the resumption of Chevron's activities in the Caribbean country (REUTERS)
The first shipment of Venezuelan crude sailed for the US after the resumption of Chevron’s activities in the Caribbean country (REUTERS)

The first shipment of Venezuelan crude from the oil company Chevron set sail Tuesday from a ship-to-ship transfer center near Arubabound for its refinery in pascagoulain mississippi.

According to shipping data, state oil company PDVSA had loaded the crude at the José terminal last week and it was later assigned to the US company. The Chevron tanker Caribbean Voyager this week transferred the shipment of 500,000 barrels of Hamaca oil to the Malta-flagged vessel Sealeo, maritime monitoring data from Refinitiv Eikon.

The arrival of this cargo at the Pascagoula refinery is scheduled for January 15Eikon continued.

Also, this Tuesday another shipment of Venezuelan crude chartered by Chevron aboard the oil tanker Kerala was in the navigation channel of Lake Maracaibo. However, in this area there are limitations for the transit of vessels due to the lack of dredging and a stranded ship.

Another shipment of Venezuelan crude chartered by Chevron sailed this Tuesday in the Lake Maracaibo channel (REUTERS)
Another shipment of Venezuelan crude chartered by Chevron sailed this Tuesday in the Lake Maracaibo channel (REUTERS)

“We continue to conduct our business in compliance with all laws and regulations where we operate, as well as within the sanctions framework provided by the United States Office of Foreign Assets Control,” Chevron said in a statement sent to Reuters.

This first shipment occurred after the firm last november of a license by the United States Department of the Treasury to resume oil production and expand its operations in Venezuela. With this, the administration of Joe Biden sought to promote dialogue with the regime of Nicolas Maduro facing the presidential election that are coming

The US allowed the resumption of Chevron operations in Venezuela last November (REUTERS)
The US allowed the resumption of Chevron operations in Venezuela last November (REUTERS)

The activities of the oil company had been suspended for almost three years and, according to the new license, for six months the company may repair Y do maintenance of the oil fields. Also, you are authorized to resume crude oil exports braked in 2019, as well as import raw materialseven though no new drilling was authorized.

Prior to that in 2020 United States will order the total cessation of drilling operationsthe participation of Chevron in the production of Venezuelan crude was 15,000 barrels a dayless than the production of a single oil field in the Permian.

In December, the CEO of the US oil company, michael wirthassured that it is “unlikely” that the company will make capital investments to increase its production in the country in the next six months.

Michael Wirth, CEO of Chevron, assured that it is
Michael Wirth, CEO of Chevron, assured that it is “unlikely” that the company will make capital investments to increase its production in the country in the next six months (REUTERS)

“It is not likely that we will enter with an investment in a drilling campaign that will increase production in the next six months. There is a lot of work to do (…) to allow us to move in that direction, ”she mentioned in line with his desire because Washington advance with a “gradual” relaxation of its sanctions package on Venezuela, to evaluate a wider range of operations there.

(With information from Reuters)

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