Refiner Valero seeks US approval to import Venezuelan oil

30 March 2023, 12:00 am

1 min read

'-UNDATED FILE PHOTO- An oil tanker is seen at Jose refinery cargo terminal in Venezuela in this undated file photo.[Venezuela said on April 3, 2006, it assumed control of two oil fields operated by Total of France and Italy's Eni and vowed to win any international legal claims triggered by the takeovers. The move came after the two companies failed to reach an agreement with the government to transfer their operating contracts to new joint ventures or "mixed companies" giving state oil firm PDVSA a majority stake.]

Reuters exclusively reported that Valero Energy Corp (VLO.N), the second-largest U.S. oil refiner, is seeking Washington’s permission to import Venezuelan crude, hoping for a repeat of the approval granted to Chevron Corp (CVX.N) in November after a four-year ban.