Summary
[Iran and Venezuela reached an oil export agreement under US sanctions]Reuters reported on September 25 that five sources close to the deal said that Venezuela had agreed to a key agreement to exchange the country’s heavy oil for Iran’s condensate. , Can be used to improve the quality of its tar-type crude oil, the first shipment will arrive this week. (Interface News)
Reuters reported on September 25 that five sources close to the transaction said that Venezuela has agreed to a key agreement to exchange the country’s heavy oil for Iran’s condensate, which can be used to improve the quality of its tar-like crude oil. The shipment will arrive this week.
According to reports, as Venezuela seeks to increase its sluggish oil exports under US sanctions, the deal between the Venezuelan Petroleum Company (PDVSA) and the National Iranian Oil Company (NIOC) has deepened cooperation between the two countries.
A source said that the first phase of the exchange agreement is planned to last for six months, but it may be extended.
(Article Source: Interface News)
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