By Lucia Kassai (Bloomberg) -- After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela just last week, Iran is using the same ship to help the Latin American country export its crude. The Iran-flagged supertanker Honey, also known as Horse, is loading Venezuela’s top exported grade Merey 16 at Venezuela’s government-controlled port of Jose, according … [Read more...]
Venezuela-Bound Iranian Tanker Rounds Cape of Good Hope
By Marianna Parraga Sept 10 (Reuters) - An Iranian-flagged tanker transporting fuel is sailing round Africa's Cape of Good Hope en route to the Atlantic Ocean, according to Refinitiv Eikon's vessel tracking data. The medium-size vessel Forest, carrying about 300,000 barrels of fuel loaded at Iran's Bandar Abbas terminal, is bound for Venezuela, according to sources with … [Read more...]
Iranian Tankers Taking Long Route to Venezuela as Gas Shortages Grow
By Efrain Otero and Jonathan Saul SAN ANTONIO DE LOS ALTOS, Venezuela/LONDON, Sept 9 (Reuters) - A ngry Venezuelans are once again stuck in long service station lines due to rationing by President Nicolas Maduro's government, which is awaiting fuel tankers on their way from Iran to the oil-rich but fuel-starved South American nation. Venezuela's refineries have nearly halted … [Read more...]
Downplaying Concerns, PDVSA Says Condition of Idled FSO Off Venezuela is ‘Satisfactory’
CARACAS, Sept 3 (Reuters) - An idled oil storage facility off Venezuela's eastern coast is in "satisfactory" condition, an official with state company Petroleos de Venezuela said, after a series of incidents in recent months raised concerns about environmental hazards. About 1.3 million barrels of Corocoro crude have been stuck for over a year aboard the Nabarima FSO … [Read more...]
Trump Administration Preparing Tighter Venezuela Oil Sanctions
By Humeyra Pamuk WASHINGTON, Aug 31 (Reuters) - The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially removing exemptions that allow some oil companies to exchange Venezuelan crude for fuel from the OPEC member. U.S. President Donald Trump has ramped up sanctions on … [Read more...]