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Chevron to Ship Iraq Oil to U.S. Refinery

June 25, 2003|From Bloomberg News

ChevronTexaco Corp., the second-largest U.S. oil company, said it would load a tanker Saturday with Iraqi crude oil at the Persian Gulf port of Mina al Bakr and ship it to a refinery on the U.S. West Coast.

The San Ramon, Calif.-based oil company bought 2 million barrels of Basrah light crude oil this month.

Iraqi oil was pumped onto a tanker Sunday at the Turkish Mediterranean port of Ceyhan, Iraq's first exports since the start of the U.S.-led war in March.

Exports from Mina al Bakr will begin Thursday, Thamir Ghadhban, the U.S.-appointed oil administrator, told reporters Saturday.

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