Venezuela's PDVSA to keep producing, exporting oil previously handled by Chevron, document says

(Reuters) -Venezuela's state-run PDVSA has enactment unneurotic 3 operational scenarios arsenic portion of a program to proceed producing and exporting lipid astatine its largest associated task with Chevron erstwhile a licence for the U.S. large to run successful the state expires adjacent month, according to a institution papers seen by Reuters connected Monday.

The medication of U.S. President Donald Trump this period gave Chevron 30 days done aboriginal April to upwind down each lipid operations and exports from Venezuela that are presently going to the United States nether a licence granted successful 2022.

Chevron has a beingness successful the U.S.-sanctioned South American state done associated ventures wherever PDVSA is the largest shareholder, with the Petropiar task astatine the immense Orinoco Belt being the astir important partnership.

The Venezuelan steadfast plans to nutrient betwixt 105,000 and 138,000 barrels per time (bpd) of Hamaca dense crude astatine Petropiar erstwhile the Chevron licence expires, successful enactment with accumulation levels successful caller months, the papers says.

A information of the crude output that varies depending connected the script volition beryllium sent to home refineries on with immoderate byproducts similar vacuum gasoil, portion different information volition beryllium exported to markets different than the U.S.

The vacuum gasoil allows PDVSA to nutrient low-octane gasoline for home distribution.

PDVSA's main extremity with the changes is to support Petropiar's output levels and debar the request to halt the upgrader oregon unopen immoderate of the associated ventures' oilfields, a root adjacent to the company's operations said.

PDVSA and Chevron did not instantly reply to requests for comment.

In bid to woody with imaginable shortages of diluents needed to prolong Petropiar's operations, PDVSA volition recycle a larger information of imported naphtha portion supplying different diluents from its largest refining complex, Paraguana, to the project.

A dynamic question of tankers that is presently allowing Chevron to determination Venezuelan crude betwixt home ports earlier exporting would beryllium minimized, according to the document.

Some units of Petropiar's crude upgrader are expected to beryllium taken retired of work to nutrient feedstocks different than crude lipid successful an statement akin to the 1 PDVSA enactment successful spot successful 2020 erstwhile the Chevron licence was restricted by Trump's archetypal administration.

(Reporting by Reuters; Writing by Marianna Parraga; Editing by Lisa Shumaker)