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Chevron sells Venezuelan oil to India's Reliance for the first time since 2023, ship data and sources say
Chevron sells Venezuelan oil to India’s Reliance for the first time since 2023, ship data and sources say
FILE PHOTO: The Chevron logo is pictured in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa/File Photo · Reuters
Reuters
Wed, 25 February 2026 at 4:36 am GMT+9
In this article:
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HOUSTON, Feb 24 (Reuters) - U.S. oil major Chevron has sold its first cargo of Venezuelan crude oil to India’s Reliance Industries since December 2023, according to ship tracking data and two sources.
Chevron negotiated the Boscan crude cargo to Reliance this month, marking the first sale of the heavy oil, which is used in asphalt making, in about six years, according to the data and sources.
(Reporting by Arathy Somasekhar and Marianna Parraga in Houston)
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