Iran Ready to Continue Fuel Shipments to Venezuela

Parisa Hafezi
Monday, June 1, 2020

Iran will continue fuel shipments to Venezuela if Caracas requests more supplies, the Iranian Foreign Ministry spokesman said on Monday, despite Washington's criticism of the trade between the two nations, which are both under U.S. sanctions.

"Iran practices its free trade rights with Venezuela and we are ready to send more ships if Caracas demands more supplies from Iran," Abbas Mousavi told a weekly news conference broadcast live on state TV. Defying U.S. threats, Iran has sent a flotilla of five tankers of fuel to the South American oil-producing nation, which is suffering from a gasoline shortage.

Seeking to deter further shipments of Iranian fuel to Venezuela, Washington is monitoring the supply. It has warned governments, seaports, shippers and insurers that they could face measures if they aid the tankers.

According to Refinitiv Eikon on Sunday, two Iranian tankers that delivered fuel to Venezuela as part of the flotilla have begun to sail back, as the government in Caracas prepares stations to begin charging for the gasoline.

Tensions have spiked between longtime foes Tehran and Washington since 2018, when President Donald Trump exited Iran's 2015 nuclear deal with six major powers and reimposed sanctions on the country that has battered its economy.

 (Writing by Parisa Hafezi; Editing by Edmund Blaira and Jan Harvey)

Categories: Tankers Oil Venezuela Sanctions

Related Stories

CNOOC Starts Production at Gas Field in Bohai Sea

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

BP Suspends Production at Azerbaijani Platform for Maintenance Works

Exxon Mobil Continues to Ramp Up LNG Portfolio

JUB Pacific Bolsters Liftboat Fleet

Enhancing Environmental Accountability in Offshore Operations via Data Analytics

Three Questions: Matt Tremblay, VP, Global Offshore Markets, ABS

Equinor Pens 15-Year LNG Supply Deal with Indian Firm

Jadestone Eyes Woodside’s Macedon and Pyrenees Fields Offshore Australia

Valeura Buys Nong Yao Field’s FSO Aurora and Expands Wassana Drilling Campaign

Current News

CNOOC Starts Production at Gas Field in Bohai Sea

Shell In Talks to Sell Malaysia Fuel Stations to Saudi Aramco

Unique Group Acquires Subsea Innovation

ConocoPhillips Misses Quarterly Profit Estimates

Taliban Plan Regional Energy Trade Hub with Russian Oil in Mind

Russia Shipping Oil to North Korea Above UN Mandated Levels

Yinson Completes $1.3B Financing for Agogo FPSO

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

BP Suspends Production at Azerbaijani Platform for Maintenance Works

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com