Economy

U.S. oil major Chevron set to receive Venezuelan crude cargo: document



U.S. oil major Chevron Corp (CVX.N) is scheduled this month to receive at least one cargo of crude oil from sanctioned Venezuelan state oil company PDVSA, according to an internal PDVSA document.

 

If the loading proceeds, it would be the first shipment assigned to Chevron since the United States sanctioned PDVSA in January as part of a campaign to oust Venezuelan President Nicolas Maduro, whose 2018 reelection most Western nations consider a sham.

 

The vessel Agios Fanourios is set to load 2 million barrels of Venezuelan heavy crude on Oct. 19-21 at Jose port, according to a PDVSA scheduling document viewed by Reuters. The document does not show where the cargo is to be delivered.

 

Chevron in a statement declined to confi...
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