Venezuelan oil cargo for Eni departing, supertanker to load next -document, sources


Reuters | Updated: 18-06-2022 00:43 IST | Created: 18-06-2022 00:43 IST
Venezuelan oil cargo for Eni departing, supertanker to load next -document, sources

A 650,000-barrel-cargo of Venezuela's heavy crude chartered by Italy's oil company Eni is about to set sail carrying the first export of crude to Europe from the U.S.-sanctioned country in two years, following an authorization granted by Washington in May, Refinitiv Eikon data showed on Friday.

A second tanker, the very large crude carrier Pantanassa, is navigating towards Venezuela and expected to load later this month 2 million barrels of the same grade, diluted crude oil (DCO), also bound for Europe, with an option to sell a portion of the cargo to Spain's Repsol, according to a shipping document and sources.

Eni and Repsol did not immediately reply to a request for comment.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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