Venezuela will deploy vessels to a key oil-exporting hub close to Colombia in response to the US’s choice to ship warships to the southern Caribbean.
Venezuela’s ships, which will likely be bigger than “patrolling” vessels, are headed north of Lake Maracaibo and the Gulf of Venezuela, Protection Minister Vladimir Padrino mentioned on social media. The vessels will likely be positioned in Venezuela’s oil cradle in a port key to each Chevron Corp.’s shipments to the US and PDVSA’s exports to China.
The transfer comes after Venezuelan President Nicolas Maduro ordered the deployment of 15,000 troops, in addition to surveillance drones, to the Colombian border to counter US navy actions within the area. The US final week mentioned it might ship warships to waters off Venezuela to handle what Washington sees because the risk from drug cartels.
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Chevron’s Petroboscan oil enterprise, in Lake Maracaibo, pumps about 100,000 barrels a day of heavy asphalt crude that the corporate exports from the Gulf of Venezuela. In Could, about half of the corporate’s complete output was shipped from the world to fuelmakers on the Gulf Coast, together with Valero Power Corp., Phillips 66, PBF Power Inc., and Chevron’s Pascagoula refinery in Mississippi. In April, two out of seven ships certain for the US departed from Lake Maracaibo, in keeping with Bloomberg information.
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