(Reuters, 27.Dec.2021) — Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos de Venezuela, known as PDVSA, won help from small […]
Tag: National Iran Oil Company (NIOC)
Venezuela Ships Jet Fuel to Iran In Exchange For Petrol
(Reuters, 23.Feb.2021) — Venezuela is shipping jet fuel to Iran in return for vital gasoline imports for the South American nation as part of a swap deal agreed by the two state-run oil firms, three people with knowledge of the matter told Reuters. Iran has ramped up assistance to Venezuela […]
Iran Uses Disguised Tanker To Export Venezuelan Oil
(Reuters, 14.Dec.2020) — A tanker chartered by the National Iranian Oil Company (NIOC) is loading Venezuelan crude for export, documents from state-run PDVSA show, providing evidence of the two countries’ latest tactics to expand their trade in defiance of U.S. sanctions. Venezuela and Iran have deepened their cooperation this year […]
Iranian Tanker Departs For Persian Gulf From Venezuela
(Reuters, 9.Oct.2020) — An Iranian-flagged oil tanker left Venezuela on Friday for Iran’s Kharg Island, Refinitiv Eikon data showed, after the vessel loaded 1.9 million barrels of heavy crude at the South American country’s Jose oil terminal. The shipment marks the latest example of cooperation between the two OPEC nations […]