‘Perfect trips’: Venezuela ships jet fuel to Iran in exchange for gasoline -sources

perfect trips venezuela ships jet fuel to iran in exchange for gasoline sources

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Author of the article:

Reuters

Deisy Buitrago and Marianna Parraga

Publishing date:

Feb 23, 2021  •  12 minutes ago  •  3 minute read

Article content

CARACAS/MEXICO CITY — 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 since last year as the United States tightened sanctions on both countries, hitting oil exports by state-run firms Petroleos de Venezuela and National Iranian oil Company (NIOC).

Iran has sent flotillas of state-operated tankers carrying gasoline and feedstock for motor fuel to Venezuela, as well as equipment and spare parts to help the once-prosperous OPEC nation restart its dilapidated refineries.

But the countries have provided few details on what Iran is getting from Venezuela in return.

Iran’s embassy in Caracas said in August that Venezuela had shipped a cargo of mangos and pineapples to Iran as part of “win-win commercial relations.”

Both Caracas and Tehran – which the United States has sanctioned with the aim of halting its nuclear program – have celebrated the Iranian fuel shipments as a method of resisting pressure from their common adversary…

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