After a period of restrictions, U.S. oil company Chevron will begin this month to ship reduced volumes of crude from its joint operations in Venezuela, in compliance with Washington’s current sanctions policy. Photo: Chevron Archive
Guacamaya, August 13, 2025. The Canopus Voyager, flagged in the Bahamas, has initiated the resumption of Venezuelan oil shipments to the United States under the current sanctions framework, with a limited load scheduled for August.
In addition to this vessel, at least five other ships previously used by Chevron to transport Venezuelan crude were either heading toward the country or near its coasts earlier this week.
During a conference with analysts, Chevron CEO Mike Wirth confirmed that a limited flow of Venezuelan crude to the U.S. is expected in August. The executive noted that this oil, which is heavier and has a higher sulfur content than other types, is particularly valued by Gulf Coast refineries, which are equipped to process it.
The resumption of these shipments takes place amid adjustments in U.S. policy toward Caracas, marked by a delicate balance between sanctions on Nicolás Maduro’s government and the need to secure energy supplies for the North American country.