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Chevron orders turnaround Venezuelan oil ahead of sanctions

(Bloomberg) – Chevron has been ordered to return to Venezuelan SA to a professional blow to the oil, which is working to secure crude when hitting the U.S. sanctions deadline hits in May.

Venezuela’s state producer Petroleos de Venezuela (known as PDVSA) ordered Chevron to return to Carina Voyager and Dubai Attraction, currently near the country’s coast, to relocate and fulfill its burdens to fulfill and fulfill its burden.

“Chevron has returned crude oil transport to PDVSA,” Venezuela vice president Delcy Rodriguez said in a statement Friday night.

All remaining cargo, which Chevron was scheduled to load this month, had a total of 5 million barrels of crude oil, was cancelled.

Chevron did not respond to a request for comment. The information was first reported by Reuters.

This move comes back in the United States’ “maximum pressure” strategy that appears to be with South American countries. The Trump administration is very critical of Venezuelan President Nicolas Maduro’s regime. Houston-based Chevron was ordered by the United States to cease operations in Venezuela by May 27.

Carina Voyager is equipped with 500,000 barrels of flagship Merey 16 oil, and Dubai Attractions holds 350,000 barrels of Boscan oil, a heavy crude oil used to make asphalt. The first time loaded on the PDVSA dock in Jose, Anzoategui state, the other was Bajo Grande in Zulia. The Venezuelan government’s surprise move seemed to catch Chevron off guard as the major sent out four other airlift ships that were scheduled to be loaded in the next few days.

– Assistance with Fabiola Zerpa.

(Venuez Vice President Rodríguez added a statement to the third paragraph.)

More stories like this are available Bloomberg.com

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