Tuesday, September 27th | 2 Tishri 5783

Subscribe
October 16, 2021 2:56 pm
0

Iranian Supertanker Departing from Venezuela to Transport Heavy Oil

avatar by Reuters and Algemeiner Staff

FILE PHOTO: An oil tanker is seen at Jose refinery cargo terminal in Venezuela in this undated file photo. Photo: Reuters

i24 NewsAn Iran-flagged supertanker on Saturday was about to set sail from Venezuelan waters carrying 2 million barrels of heavy crude provided by state-run oil firm PDVSA, Reuters reported citing vessel tracking services and official documents.

The shipment is part of a deal agreed by PDVSA and its counterpart National Iranian Oil Company (NIOC) that exchanges Iranian condensate for Venezuela’s Merey crude. The swaps aim to ease an acute shortage of diluents that has cut Venezuela’s oil output and exports.

Dino I, a very large crude carrier (VLCC) owned and operated by NIOC’s National Iranian Tanker Company (NITC), finished loading the Venezuelan oil at PDVSA’s Jose port late Friday.

The bilateral oil trade likely represents a breach of US sanctions on both nations.

Related coverage

September 27, 2022 9:27 am

Holiday in Montenegro Becomes Escape from Call-Up for Russians

When Alexander and his wife Svetlana arrived for a two-week vacation in Montenegro, they planned to return home to Russia. But...

The vessel arrived in Venezuela in September with its transponder turned off while carrying 2.1 million barrels of Iranian condensate.

A second condensate cargo of similar size is expected to be delivered to Venezuela in the coming weeks as part of the swap routine, which will be in effect for six months in its first phase.

Iran and Venezuela have strengthened their cooperation in the last year, as well as bolstering their ties with China, America’s arch rival on the global arena.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.