Chevron to Send First Venezuelan Crude Shipment to US by Late December
- Oil minister, Chevron’s La Rosa poised to sign contracts
- Chevron would ship 1 million barrels of Hamaca Blend
Photographer: David Paul Morris/Bloomberg
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Chevron Corp. is preparing to make its first shipment of Venezuelan crude to the US by late December under a license issued by the Biden administration, according to a person familiar with the matter.
Oil minister Tareck El Aissami and the head of Chevron in Venezuela, Javier La Rosa, met in Caracas Tuesday to hash out details of a series of contracts related to three joint ventures the company operates with state oil producer Petroleos de Venezuela SA, according to three people with direct knowledge of the deals, who asked not be identified because they weren’t authorized to discuss the situation. The contracts were set to be signed later this week, one of the people said.