Supertanker chartered by Polish firm to load Venezuelan oil for China
- The supertanker Olympic Trophy, chartered for US$13 million, is expected to load in early December, according to ship tracking data
- The US Treasury Department last month issued a general license lifting, until April, sanctions on Venezuela’s oil production and exports
Polish oil and gas firm Orlen has provisionally chartered a supertanker to load Venezuelan oil for China, according to a shipbroker and tracking data, following a temporary easing of US sanctions on the South American country.
The Very Large Crude Carrier (VLCC) Olympic Trophy, chartered for US$13 million, is scheduled to load in early December, according to a source and ship tracking data on Kpler.
Vitol, the world’s largest independent oil trader, chartered a supertanker earlier this month to load Venezuelan crude for China. Commodities trader Trafigura also chartered a vessel to carry Venezuelan fuel oil for exports, which is currently loading.
US eases Venezuela oil, gas sanctions after ‘democratic developments’
Washington has said it wants to see progress towards a transparent presidential election in Venezuela, as well as a release of political prisoners, by November 30 or it could reimpose the sanctions.
PDVSA and Orlen did not immediately respond to requests for comments.
