BP (BP) has begun trading Venezuelan oil, with a tanker loading about 400,000 barrels of heavy fuel oil supplied by state-owned Petroleos de Venezuela for delivery to Houston, Bloomberg News reported Tuesday.

The tanker Monte Lema loaded the cargo for BP and is scheduled to sail for Houston, according to the report.

The London-based oil giant BP follows in the footsteps of Singapore-based commodity-trading house Trafigura and the Rotterdam-based Vitol, an energy-trading enterprise, returning to Venezuelan oil trading.

BP enters Venezuelan petroleum trading after the oil giant, with partners, earlier this month obtained a license to develop the Loran gas field in offshore Venezuela.

BP didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)