Iran Economy NewsVenezuela to resume gasoline shipments to Iran, EIG reports

Venezuela to resume gasoline shipments to Iran, EIG reports

-

Bloomberg: Venezuela will resume gasoline shipments to Iran after a pause of more than two years, Energy Intelligence Group reported.

Bloomberg

By Marek Strzelecki

Venezuela will resume gasoline shipments to Iran after a pause of more than two years, Energy Intelligence Group reported.

State-run Petroleos de Venezuela SA has agreed to supply two 30,000-ton cargoes gasoline cargoes per month to Iran, EIG said in its International Oil Daily newsletter, citing Middle East trading and shipping sources that it did not identify.

The first cargo is due to arrive at the port of Bandar Abbas in early February, the report said. The shipments are a gesture of goodwill from Venezuela after U.S. and European sanctions restricted the supply of fuel imports into Iran, EIG said.

Latest news

Iran’s Car Market Experiences Sharp Surge in Prices Afte War-Induced Stagnation

Media outlets in Iran report that the prices of many domestically produced cars have increased by 3 billion to...

UN Officials Call for a Halt to Executions and Repression in Iran

Volker Türk, the United Nations High Commissioner for Human Rights, in a statement published on April 29, strongly condemned...

Iran’s National Currency Has Declined by 120% Over the Past Year

Reports from Iran indicate a sharp surge in the price of the U.S. dollar in the open market in...

US Preparing for a Long-Term Blockade of Iran’s Ports

The Wall Street Journal, citing US officials, reported that US President Donald Trump has ordered preparations for a long-term...

War Economy and Stagflation in Iran

Unemployment and inflation in a war for which the Iranian regime is the primary cause are no longer merely...

Transfer of a death-row political prisoner to solitary confinement in Urmia, Iran

Punitive transfer of death-row political prisoner Mehrab Abdollahzadeh to solitary confinement in Urmia Prison Mehrab Abdollahzadeh, a political prisoner sentenced...

Must read

If Iran builds bomb, US has a year to act: Panetta

AFP: The United States would have about a year...

Iran says it’s recovering data from US drone

AP: Iranian experts are in the final stages of...

You might also likeRELATED
Recommended to you