Iran and Venezuela strike oil export deal

On 25 September, Devdiscourse reported that Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first cargoes due within a week.  The deal between state-run firms Petroleos de Venezuela (PDVSA) and National Iranian Oil Company (NIOC) deepens the cooperation between the 2 countries – both subject to US sanctions.

https://www.devdiscourse.com/article/headlines/1744024-exclusive-under-us-sanctions-iran-and-venezuela-strike-oil-export-deal—sources

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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