US oil company C.Hevron Corp plans to export its first cargo of Venezuelan crude to its Pascagoula, Mississippi, refinery this month following a US license granted last year, according to documents from shipments seen by Reuters on Tuesday.
The cargo of 500,000 barrels of Hamaca heavy crudewhich will be shipped in the José port of the state PDVSA, comes from the Petropiar mixed oil company operated by both companies.
Until Tuesday, the tanker Scheduled to transport the shipment, the Bahamas-flagged Caribbean Voyager was waiting to load near Jose, Refinitiv Eikon data showed.
Another Chevron-chartered vessel, the UACC Eagle, arrived in Venezuelan waters on Tuesday, Eikon data also showed, with some 500,000 barrels of heavy naphtha that will be used to operate the Petropiar crude upgrader.
Chevron declined to comment and PDVSA did not immediately respond to a request for comment.
In November, the US Treasury Department granted Chevron a 6-month license to revive and expand its operations in Venezuela as a way to encourage talks between the government of Nicolás Maduro and the country’s opposition ahead of the presidential elections. .
Washington had previously authorized the Italian Eni and the Spanish Repsol to recover outstanding debts in Venezuela by taking Venezuelan crude to refine it in Europe.
Authorized shipments are expected to slightly boost Venezuela’s crude exports, which were almost flat last year compared to 2021.