U.S. oil major Chevron has sold its first cargo of Venezuelan crude to India’s Reliance Industries since December 2023, according to ship-tracking data and industry sources (a file photo)
| Photo Credit:
Marco Bello
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.
Published on February 25, 2026