Companies race to meet safety challenges in Venezuelan oil exports to US
ByAinvest
Tuesday, Jan 13, 2026 3:10 am ET1min read
CVX--
Oil companies are racing to find tankers and prepare operations to safely transfer Venezuelan crude to the US after President Donald Trump announced plans to accept up to 50 million barrels of sanctioned oil. Trading houses and oil companies, including Chevron and Vitol, are competing for US government deals to export crude from Venezuela. Companies are facing challenges with old, poorly maintained vessels and inadequate maintenance of machinery and equipment.
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