Chevron in Pascagoula, MS is now importing 250K barrels of Venezuelan crude per day

quote:

---

The Minerva Gloria is docked at a wharf in the Mississippi Sound, not far from the US's vast oil reserves in the Gulf of Mexico.

The ship, 820ft (250m) long, painted navy and burgundy, is carrying precious cargo from Venezuela that, just six months ago, would have been impossible to bring to the US - 400,000 barrels of crude oil.

Venezuela has the world's largest oil reserves. Under Venezuela's former president Nicholas Maduro oil exports had dropped significantly, due to a lack of investment. Then came US sanctions against any imports from the Latin American country.

But US President Donald Trump vowed to tap those reserves after the US military captured Maduro in a surprise, night-time raid in January.

Now the oil is flowing again in Venezuela. In March, the country's monthly crude exports surpassed one million barrels per day. The first time since September.

---

quote:

---

Chevron now imports the equivalent of 250,000 barrels of Venezuelan crude oil per day, on average, says Andy Walz, president of downstream, midstream and chemicals at Chevron.

"We think we can take that up another 50% so call it somewhere around 350,000 to 400,000 barrels a day of just the Chevron share of our position in Venezuela."

---