© Reuters. The logo of Italian energy company Eni is seen at a gas station in Rome, Italy September 30, 2018. REUTERS/Alessandro Bianchi
(Reuters) – A 650,000-barrel-cargo of Venezuela’s heavy crude chartered by Italy’s oil company Eni is about to set sail carrying the first export of crude to Europe from the U.S.-sanctioned country in two years, following an authorization granted by Washington in May, Refinitiv Eikon data showed on Friday.
A second tanker, the very large crude carrier Pantanassa, is navigating towards Venezuela and expected to load later this month 2 million barrels of the same grade, diluted crude oil (DCO), also bound for Europe, with an option to sell a portion of the cargo to Spain’s Repsol (OTC:REPYY), according to a shipping document and sources.
Eni and Repsol did not immediately reply to a request for comment.