Trading house Trafigura has sold its first cargo of Venezuelan crude oil as part of a 50-million-barrel supply deal between Caracas and Washington.
Industry sources said Spanish refiner Repsol will be taking the shipment.
Two of the sources said the cargo is expected to be delivered to Repsol in Spain in February.
The deal would mark one of the first sales of Venezuelan oil to Europe since the United States captured the South American country's leader earlier this month and then struck agreements with Caracas to export up to 50 million barrels of its oil.
Trafigura and rival commodities trading house Vitol were tapped by Washington to facilitate the initial exports.
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