Vitol Charters Supertanker To Load Oil From Venezuela For China After U.S Removes Sanctions

Vitol, the largest independent oil trader in the world, has chartered a supertanker provisionally to load oil for China from Venezuela, per two shipbrokers and data from the shiptracking majors Vortexa and Kpler.

Image for representation purposes only

The Very Large Crude Carrier Gustavia S., chartered for almost $11 million, has been scheduled to load cargo between 27 November and 2 December, per the sources. The firm refused to comment on the matter.

Vitol, among the major European trading majors seeking to resume trade in Venezuelan oil after Washington in mid-October, introduced a license lifting, through April 2023, sanctions on the country’s oil production and exports.

The U.S. has mentioned that it wants to witness progress toward a transparent presidential election based in Venezuela as well as a release of political prisoners by 30 November, or it could also reimpose sanctions.

Reference- Reuters

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

Leave a Reply

Your email address will not be published. Required fields are marked *