Tanker Delivers First Direct Venezuelan Heavy Oil Cargo to U.S

A crude tanker, chartered by Trafigura and laden with Venezuelan heavy oil, departed this past Sunday from Venezuela’s Jose port. Its destination is the Louisiana Offshore Oil Port (LOOP) in the United States. This voyage marks a notable development, representing the first direct cargo of Venezuelan oil destined for the U.S. as part of a broader 50-million-barrel supply agreement, according to LSEG data and documents.

A Landmark Direct Shipment

The departure of this vessel represents a significant milestone in U.S.-Venezuelan oil trade. This particular journey marks the initial direct shipment since the comprehensive 50-million-barrel supply deal began. The direct route streamlines the delivery process for heavy crude.

A Trafigura-chartered tanker departed Venezuela's Jose port carrying heavy oil to the U.S. Louisiana Offshore Oil Port. This marks the first direct cargo of Venezuelan oil to the U.S. under a 50-million-barrel supply agreement, as confirmed by LSEG data, signaling a significant development in U.S.-Venezuelan oil trade.

Trafigura’s Involvement

Global commodity trader Trafigura chartered the tanker for this specific journey. Their role facilitates the movement of this Venezuelan heavy oil directly to the U.S. market. The company manages the logistics of this complex international shipment.

Destination: Louisiana Offshore Oil Port

The tanker’s final destination is the Louisiana Offshore Oil Port (LOOP). Located in the Gulf of Mexico, LOOP serves as a crucial deepwater port for importing crude oil into the United States. Its facilities handle large crude carriers, making it an ideal entry point for such substantial shipments.

Context of the Supply Agreement

This particular cargo is part of a larger 50-million-barrel supply arrangement. The agreement details the volume of Venezuelan oil set to reach the U.S. market over time. This initial delivery sets the precedent for subsequent shipments under the deal.

Data Confirmation

Information regarding the tanker’s departure, cargo, and destination comes from LSEG data and official shipping documents. These reliable sources provide transparency and confirmation for the journey of this significant oil shipment.