Exclusive-Vitol to load first diluent cargo under Venezuela supply deal this weekend, sources say


By Shariq Khan and Marianna Parraga

NEW YORK/HOUSTON, Jan ​10 (Reuters) – Commodities trader Vitol ‌is expected to load the first ‌cargo of naphtha from the U.S. Gulf Coast to Venezuela this weekend under a ⁠supply agreement ‌with the U.S. government, two sources familiar ‍with the matter told Reuters on Saturday.

The trading firm has chartered ​the vessel Hellespont Protector ‌to deliver the naphtha, used as a diluent to thin Venezuela’s crude oil and make it easier to move ⁠and process, the ​sources said.

The sources ​requested anonymity to discuss confidential details. Vitol did ‍not immediately ⁠respond to a request for comment.

(Reporting by Shariq Khan ⁠in New York and Marianna ‌Parraga in Houston; editing ‌by Diane Craft)



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