CARACAS - Venezuela's oil production and exports were working normally on Thursday following last weekend's disputed presidential election that has triggered protests and international reactions, but shipping delays accumulated since early this year persist, sources said.
Exports of oil and fuel, however, continue accumulating delays related to slow shipping from the country's main terminal, Jose, and a need to resort to ship-to-ship loadings for some products, which typically takes longer.The U.S. government last year granted a broad license to Venezuela's oil industry allowing PDVSA to freely export to its chosen markets, which triggered increased demand for Venezuela's oil and pushed up fuel imports through swaps.
Among companies that receive Venezuela's crude under U.S. specific licenses, including U.S. Chevron and Spain's Repsol, delays have not been as long, according to PDVSA's exports records.U.S officials this week said that individual licenses granted to energy companies operating in Venezuela will not be changed or withdrawn for the moment, despite Washington planning actions in response to the electoral dispute, including the possibility of fresh sanctions on the country.
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