REPORT: Chevron Is Currently Importing Roughly 250,000 Barrels Of Venezuelan Oil Per Day

Chevron Corporation is currently importing an average of 250,000 barrels per day of Venezuelan crude oil into the United States. The massive uptick in production comes amid improved relations between the U.S. and Venezuela, as well as global oil fears sparked by the conflict in Iran. Company officials, including Andy Walz, president of downstream, midstream, and chemicals at Chevron, confirmed the increase while speaking with the BBC. The oil is processed primarily at U.S. Gulf Coast refineries, such as Chevron’s facility in Pascagoula, Mississippi, where it is refined into products including gasoline, diesel, and jet fuel. Chevron has indicated potential to increase imports to 350,000–400,000 barrels per day, depending on operational capacity and authorizations. The increased activity occ