{"id":339189,"date":"2026-02-26T08:30:00","date_gmt":"2026-02-26T12:30:00","guid":{"rendered":"https:\/\/inspenet.com\/?p=339189"},"modified":"2026-02-25T16:59:06","modified_gmt":"2026-02-25T20:59:06","slug":"chevron-resumes-selling-venezuelan-crude-to-reliance-in-india","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/chevron-resumes-selling-venezuelan-crude-to-reliance-in-india\/","title":{"rendered":"Chevron resumes selling Venezuelan crude to Reliance in India"},"content":{"rendered":"\n

Early this week, Chevron<\/strong> finalized its first shipment of Venezuelan crude to Reliance Industries since December 2023<\/strong>, according to vessel-tracking data and market sources. The deal marks a notable return in the flow of heavy oil<\/a><\/strong> between Venezuela and Asia. <\/p>\n\n

In addition, the cargo is Boscan crude<\/strong>, a heavy oil used in asphalt production. According to available information, the shipment is scheduled on the Ottoman Sincerity<\/strong> and represents the first sale of this type of crude in around six years<\/strong>. <\/p>\n\n

Why does Boscan crude matter in this deal?<\/h2>\n\n

Specifically, Boscan is among the heaviest crudes in Venezuela\u2019s portfolio<\/strong>. Due to its composition, it is typically geared toward industrial uses such as asphalt and requires refineries capable of processing complex blends\u2014an operating profile that fits the infrastructure of major Asian refiners. <\/p>\n\n

Likewise, Boscan\u2019s return on routes to India indicates this is not just about volume, but about crude quality<\/strong> and how buyers reshuffle their import \u201cbasket\u201d as availability and licensing change.<\/p>\n\n

Interest in Venezuela grows<\/h2>\n\n

Meanwhile, the move comes at a time when Indian refiners are seeking more non-Russian supply<\/a><\/strong>, according to the same reporting circuit citing vessel data. In parallel, Reliance received a U.S. license to buy and sell Venezuelan crude<\/strong> earlier this month. <\/p>\n\n

In addition, cargoes have been scheduled on very large crude carriers (VLCCs)<\/strong> with loading windows at Jose<\/strong>, Venezuela\u2019s main oil terminal<\/a><\/strong> operated by PDVSA<\/strong>. Names cited include Nissos Kea, Nissos Kythnos and Arzanah<\/strong>, with India listed as the destination. <\/p>\n\n

Using larger vessels can then cut shipping costs and ease pressure on the availability of mid-size tankers\u2014a bottleneck that often makes routes from the Caribbean more expensive.<\/p>\n\n

Chevron, licenses, and the market impact<\/h2>\n\n

In this context, the report also notes that Chevron said in its annual report<\/strong> it would continue delivering Venezuelan crude to the international market and to the United States. That point suggests operational continuity and helps explain why buyers outside the traditional circuit are reappearing. <\/p>\n\n

The Reliance deal comes as other intermediaries and traders remain active in Venezuelan crude, and more potential destinations open up as authorizations change.<\/p>\n\n

Source: Reuters<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Chevron agreed a Boscan cargo for Reliance, and the shipment is sailing to India on the Ottoman Sincerity.<\/p>\n","protected":false},"author":10019,"featured_media":338855,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-339189","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/339189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=339189"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/339189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/338855"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=339189"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=339189"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=339189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}