At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs
At least two vessels carrying Venezuelan crude chartered by Chevron are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member's buyers, two sources with knowledge of the matter said on Friday.
The U.S. oil producer awaits customs paperwork to return the cargoes to ports after PDVSA on Thursday canceled set-sail authorizations to two of the Chevron-chartered vessels that had finished loading. It also suspended a loading permit to a third tanker, the sources said.
Under an individual license to operate in U.S.-sanctioned Venezuela, Chevron was authorized by the U.S. Treasury Department in March to ship Venezuelan crude cargoes to the United States until late May before suspending operations and exports.
But PDVSA's orders might cut the deadline short.
As of Friday, the Chevron-chartered vessels Dubai Attraction and Carina Voyager remained loaded in Venezuelan waters waiting for paperwork for the cargoes' return, according to the sources and LSEG shipping data.
The cargoes had been declared as exports to Venezuela's customs authority, so Chevron must now obtain authorization for their return as instructed by PDVSA, the sources said.
Carina Voyager was bound for Chevron's
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