Chevron is preparing for its next shipment of heavy crude oil to the Venezuelan company. Most of the shipments will arrive at its Pascagoula, Mississippi refinery and will be transported aboard the Hamburg Star vessel.
Chevron Scheduling Next Shipment of Heavy Fuel Oil to Venezuelan Company
American company Chevron Corp CVX.N is preparing for the next shipment of heavy crude oil to a joint oil project with Venezuelan state-oil company PDVSA, according to a shipping document, data and sources.
Chevron has received four shipments of Venezuelan crude so far since the US Treasury Department authorized the company in November to revive production and expand operations in the OPEC nation as an exception to sanctions on PDVSA.
Most of the shipments will arrive at its Pascagoula, Mississippi refinery.
California Oil Company Delivers First Shipment of Heavy Naphtha to Venezuela
The California-based oil company also delivered its first shipment of heavy naphtha to Venezuela this month, which PDVSA joint ventures use as a diluent to produce exportable crude, helping to untangle operational issues in an oil upgrader.
The second shipment of 450,000 barrels of oil will be transported aboard the Hamburg Star, which finished loading on Tuesday in Houston and is scheduled to depart this week for Venezuela, according to a shipping document and Refinitiv Eikon data.
The vessel Carina Voyager, chartered by Chevron, was loading 520,000 barrels of Venezuelan heavy crude Hamaca at the port of Jose de PDVSA on Tuesday, while the vessel ICE Fighter had finished loading 230,000 barrels of Boscán crude at the port of Bajo Grande.
