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

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Saipem Cuts Earnings Outlook as Middle East Costs Rise

BP Moves Indonesia CCUS Project Into Offshore Installation Phase

ABL Gets Papua New Guinea FSO Job

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

Current News

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

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