Reuters exclusively reported that Valero Energy Corp (VLO.N), the second-largest U.S. oil refiner, is seeking Washington’s permission to import Venezuelan crude, hoping for a repeat of the approval granted to Chevron Corp (CVX.N) in November after a four-year ban.
Refiner Valero seeks US approval to import Venezuelan oil
30 March 2023, 2:26 pm 1 minute
Market Impact
PDVSA’s new boss Pedro Tellechea in January suspended most oil supply contracts while reviewing payments for past shipments. That suspension has recently brought Venezuela’s exports almost to a halt, with only four customers – Chevron, Iran, Cuba and Hangzhou Energy – authorized to lift cargoes.
Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Americas
Countries: United StatesVenezuela
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional StorySignificant National Story
