https://sputnikglobe.com/20230217/chevron-to-send-100000-bpd-of-venezuelan-crude-to-us-this-month-media-reports-1107546263.html
Chevron to Send 100,000 BPD of Venezuelan Crude to US This Month, Media Reports
Chevron to Send 100,000 BPD of Venezuelan Crude to US This Month, Media Reports
Sputnik International
Chevron will send 100,000 barrels per day of Venezuelan crude oil to the United States this month, British media reported citing shipping documents
2023-02-17T13:43+0000
2023-02-17T13:43+0000
2023-02-17T13:43+0000
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Chevron made its first shipments of Venezuelan oil to the United States in early January while one vessel with US diluent oil was en route to Venezuela. Last November, the US Treasury provided a new license that allows Chevron to extract oil in Venezuela for six months through its joint venture partners such as PDVSA. However, this license did not expand operations or allow new US investment in Venezuela's oil sector. The United States granted the new license after the Venezuelan government and the opposition resumed talks in Mexico City and came to an agreement on addressing the humanitarian crisis in the country, including an agreement on the continuation of talks focused on elections to be held in 2024. According to US officials, Venezuela-related sanctions and restrictions imposed by the United States still remain in place and this decision should not be interpreted as a permissive environment on sanctions.
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Chevron to Send 100,000 BPD of Venezuelan Crude to US This Month, Media Reports
WASHINGTON (Sputnik) - Chevron will send 100,000 barrels per day of Venezuelan crude oil to the United States this month, British media reported citing shipping documents
Chevron made its first shipments of Venezuelan oil to the United States in early January while one vessel with US diluent oil was en route to Venezuela.
Last November, the US Treasury provided a new license that allows
Chevron to extract oil in Venezuela for six months through its joint venture partners such as PDVSA. However, this license did not expand operations or allow new US investment in Venezuela's oil sector.
The United States granted the new license after the
Venezuelan government and the opposition resumed talks in Mexico City and came to an agreement on addressing the humanitarian crisis in the country, including an agreement on the continuation of talks focused on elections to be held in 2024.
According to US officials, Venezuela-related sanctions and restrictions imposed by the United States still remain in place and this decision should not be interpreted as a permissive environment on sanctions.
