HOUSTON, April 11 (Reuters) - At least two vessels
carrying Venezuelan crude chartered by Chevron ( CVX ) 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 ( CVX )-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 ( CVX ) 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 ( CVX )-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 ( CVX ) must now obtain authorization for
their return as instructed by PDVSA, the sources said.
Carina Voyager was bound for Chevron's ( CVX ) Pascagoula refinery
in Mississippi, while Dubai Attraction was scheduled to transfer
its cargo to a Valero Energy ( VLO )-chartered vessel off Aruba,
according to the data and sources.
A third vessel, the Pegasus Star, was suspended a window to
load this week, the sources added.
Chevron ( CVX ) and PDVSA did not reply to requests for comment.
Valero did not immediately respond to a comment request.
It was not immediately clear if the cargoes would be
rescheduled by PDVSA.
Chevron ( CVX ), whose joint ventures with PDVSA produce about a
quarter of the country's oil output, exported some 250,000
barrels per day (bpd) of Venezuelan crude to the U.S. in the
first quarter under its license, granted in 2022.
That license and others to European and Asian companies in
Venezuela were canceled by U.S. President Donald Trump's
administration last month as Washington accused President
Nicolas Maduro of not doing enough to curb illegal migration to
the U.S. and restore democracy in Venezuela.
Maduro's government rejects the U.S. sanctions on the
country's oil industry, in effect since 2019, saying they amount
to an "economic war."