Reuters
Commercial houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCCs) to export from the South American country since a supply agreement between Caracas and Washington began, which will accelerate shipments from March and boost deliveries to India, according to sources and data. Reuters The [...]
TL;DR
- First VLCCs chartered for Venezuelan oil exports since the US-Venezuela supply agreement.
- Agreement to accelerate shipments from March, boosting deliveries to India.
- Previous exports utilized Panamax, Aframax, and Suezmax tankers.
- VLCCs can carry up to 2 million barrels, speeding up deliveries from Jose terminal.
- Vitol and Trafigura are involved in these exports.
- The deal is reportedly worth $2 billion.