U.S. oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data.
is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data.
The U.S. license will reopen oil flows that were shut by U.S. sanctions nearly four years ago. The license was one of Washington's first steps to ease sanctions on the country as an incentive for Venezuela to work with opposition leaders on a presidential election in late 2023. The Bahamas-flagged tanker Caribbean Voyager is set to load Venezuelan oil for exports to the United States in the coming days, while the Marshall Islands-flagged UACC Eagle is sailing to Venezuela's Jose oil port to discharge naphtha for the joint venture Petropiar, according to the person and Refinitiv Eikon vessel monitoring data.
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