Sept 3 (Reuters) - Venezuela's oil exports surpassed

900,000 barrels per day in August, the highest level since

November, after energy producer Chevron ( CVX ) received a

license that has allowed the OPEC country's crude to return to

the U.S. market after a four-month pause, shipping data showed.

The U.S. Treasury Department last month issued a restricted

authorization for Chevron ( CVX ), one of the main partners of

Venezuelan state company PDVSA, to operate in the sanctioned

South American country and export its oil.

The resumption of Chevron ( CVX ) flows to the U.S., coupled with

larger cargoes to Venezuela's primary destination of China, led

to a 27% increase in exports last month to an average of 966,485

bpd, according to data based on tanker movements.

Stable output and no outages at crude upgraders and blending

facilities in the Orinoco Belt - Venezuela's main producing

region - also contributed to higher oil inventories and exports,

according to an internal PDVSA document.

Exports to China, both direct and indirect after

ship-to-ship transfers, represented 85% of last month's total

flows out of the country, a reduction from almost 95% in July.

Some 60,000 bpd of Venezuelan oil reached the U.S., while Cuba

received about 29,000 bpd of crude and fuel. Several cargoes of

Venezuelan methanol went to Europe.

Venezuela exported some 275,000 metric tons of oil

byproducts and petrochemicals in August, an increase from the

227,000 tons shipped during the previous month and the highest

amount since May.

The country ramped up imports of much needed light oil and

naphtha to dilute its extra heavy oil output and produce

exportable crude grades, reaching 99,000 bpd versus 58,000 bpd

in July, the data showed.