Oil exports to Venezuela exceeded 900,000 barrels on August, the highest level since November, after producer Chevron received a license that allowed the OPEC product to return to the US market after a four -month break, showed transport data.
Last month, the United States Treasury Department issued a limited authorization for Chevron, one of the main partners of the Venezuelan state company PDVSA to operate in the sanctioned country of South America and export its oil.
The resumption of Chevron flows in the United States, together with larger loads to the main destination of Venezuela, China, led to an increase of 27% in exports last month to an average of 966,485 BPDs, according to data based on tank ships.
The stable production and the absence of interruptions in the transformation and mixing of gross oil into the urineco belt – the main production region of Venezuela – have also contributed to the increase in inventory and oil exports, according to an internal pdvsa document.
Exports to China, both direct and indirect after transfers between ships, represented 85% of the total flows since last month outside the country, a reduction of almost 95% recorded in July.
About 60,000 Venezuelan oil BPDs arrived in the United States, while Cuba received about 29,000 BPDs of gross and fuel oil. Several loads of Venezuelan methanol went to Europe.
Venezuela exported about 275,000 tons of oil and petrochemicals from -produce in August, an increase in the 227,000 tons sent in the previous month and the greater amount since May.
The country has increased imports from the necessary light oil and in the NAFTA to dilute its production of extra heavy oil and produce exportable gross degrees of oil, reaching 99,000 BPDs against 58,000 BPDs in July, showed the data.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
