Shipping data shows that a tanker carrying Venezuelan heavy crude oil is heading to Louisiana.
A crude tanker chartered Trafigura?departed from Venezuela's Jose Port?to Louisiana Offshore Oil Port?documents and LSEG data showed. This was the first cargo to go directly to the U.S. under a 50 million barrel supply agreement agreed between Caracas this month and Washington.
As part of this deal, Vitol and Trafigura trading houses received their first U.S. licences to load and export Venezuelan crude oil. Since then, they've shipped the cargoes to storage facilities in the Caribbean and have sold the crude oil to refineries worldwide.
Documents and data show that the Liberia flagged tanker,?Gloria Maris is the first vessel to be sent directly by Venezuelan traders to a U.S. Port since the beginning of the deal.
The LSEG data also showed that a smaller tanker with the Barbados flag, the Volans, left Jose on Sunday, carrying 450,000?barrels Venezuelan crude oil to the Bullen Bay Terminal in Curacao.
According to shipping data, the traders have shipped between 10 and 11 million barrels Venezuelan oil so far as part of the supply agreement. According to shipping data, they are
Get ready
According to sources and documents, it is also possible that fuel oil will be exported.
Venezuela must drain the 40 million barrels of oil it has accumulated since last month before it can reverse the production cuts it made due to the U.S. tanker blockade. Marianna Paraga, Cassandra Garrison, and David Gregorio edited the article.
(source: Reuters)