Iran and Venezuela signed an agreement on oil exports

TEHRAN, ($1=42,190.00 Iranian Rials) – Iran and Venezuela today signed an agreement on oil exports in violation of the US embargo imposed on both countries. The news was announced by the Iranian news agency FARS and the Syrian state news agency SANA, has learned.

And Fars quoted five informed sources as saying that “Venezuela has agreed to a major deal to replace heavy oil with Iranian condensate, which it can use to improve the quality of tar-like crude oil, with the first deliveries being delivered this week.”

Sources said Venezuela was seeking to increase oil exports against US sanctions, noting that the barter agreement would last six months in its first phase, subject to extension.

Accident avoided in 2020

In May last year, five Iranian tankers set sail for Venezuela. The United States then threatened to attack Iranian tankers with military force. Venezuela then took action and warned UN Secretary-General Antonio Guterres of a US military threat to Iranian ships carrying fuel to the Bolivarian Republic.

“Today, we warned the UN Security Council and Secretary-General Antonio Guterres about the threat of imminent use of US military force against Iranian ships carrying gasoline destined for Venezuela. An act of war under international law,” Moncada wrote on his Twitter page, enclosing a letter addressed to the secretary-general.

Speaking at a virtual conference of the UN Security Council, Moncada said that creating obstacles for tankers aimed at Venezuela was a crime against humanity by the United States.

Earlier in the week, the Wall Street Journal reported that the administration of then-US President Donald Trump was exploring the possibility of imposing new sanctions on Iran to block Iranian oil exports to Venezuela.


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