![]() ![]() In an emailed statement, Chevron confirmed it began shipping from Venezuela in January but did not comment on the dredging. ![]() PDVSA did not respond to a request for comment. After a century of relentless and - most recently - reckless drilling, oil slicks stain the surface of the lake and sediment grows at the bottom. ![]() Maracaibo, a Caribbean inlet the size of Connecticut and one of the oldest lakes on Earth, is where Venezuela’s oil industry got its start. That dredging could allow Chevron’s ships to increase their current cargoes to 400,000 barrels, compared with about 250,000 now, just months after the US eased restrictions on operating in the Latin American country. The study is intended to guide dredge work that PDVSA would then carry out via a contractor. The US driller is paying for a study for state oil company Petroleos de Venezuela SA to measure the mud and muck in the water, according to people familiar with the situation who asked not to be identified because the plan hasn’t been made public. is urging Venezuela to clean up Lake Maracaibo in the hope of almost doubling the amount of oil that can be loaded on its ships, which currently risk running aground because of an accumulation of sediment. ![]()
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