Energy

Another Iranian Tanker Delivers Fuel to Venezuela in Defiance of US Bans

The first tanker of a three-vessel Iranian flotilla carrying much-needed fuel for Venezuela has entered waters of the South American country in clear defiance of sanctions imposed on both countries by the US.

According to Refinitiv Eikon vessel tracking data, the Iran-flagged tanker Forest, which is transporting some 270,000 barrels of fuel loaded in the Middle East, entered Venezuela’s exclusive economic zone around 8:05 a.m. local time (1205 GMT) on Monday with no disturbances.

Two other Iranian tankers — the Faxon and the Fortune — are following the same route and are crossing the Atlantic Ocean. They are scheduled to arrive in Venezuela’s waters in early October.

The Iranian vessels are expected to jointly deliver about 820,000 barrels of gasoline and other motor fuels to Venezuela.

Five Iranian vessels had made a previous fuel delivery to Venezuela between May and June.

Iran’s fuel shipments have drawn the ire of the US, which has imposed draconian sanctions on the two states with the aim of chocking their oil trade.

On June 24, US Secretary of State Mike Pompeo announced sanctions on five Iranian ship captains who delivered oil to Venezuela.

He warned mariners against doing business with the government of Venezuelan President Nicolas Maduro and said, “As a result of today’s sanctions, these captains’ assets will be blocked. Their careers and prospects will suffer from this designation.”

Iran slammed the US sanctions, saying such moves would not keep Tehran and Caracas from defying Washington’s sanctions against both nations.

The two OPEC-member countries have taken major steps to promote bilateral trade this year by exchanging crude, fuel, food, equipment for refineries and other industrial goods.

According to a source and loading schedules of state-run oil firm PDVSA, a very large Iranian crude carrier (VLCC) is also set to leave Venezuela’s Jose port this week to transfer 1.9 million barrels of Venezuelan heavy oil for National Iranian Oil Company (NIOC).

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

Recent Posts

Unscheduled visit by Qatari prime minister to Tehran sparks speculation

Reports emerged by Iranian daily Donya-e Eqtesad suggest that the Qatari Prime Minister and Minister…

15 hours ago

ICC issues arrest warrant for Netanyahu, Gallant for ‘war crimes’ in Gaza

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu,…

16 hours ago

Iran to respond to Europe’s “non-technical” move: Foreign Minister

As France, Germany, and the United Kingdom submit an anti-Iran draft resolution to the International…

16 hours ago

President Pezeshkian criticizes western hypocrisy on human rights

During his visit to Sistan and Baluchestan province, Iranian President Masoud Pezeshkian delivered sharp criticism…

17 hours ago

Nearly 90 killed in Israeli attacks on Gaza

Israel has unleashed a series of air attacks on the Gaza Strip that killed nearly…

17 hours ago

Anti-Iran human rights resolution at UNGA politically-motivated: Spokesman

Foreign Ministry Spokesman Esmaeil Baghaei has censured as politically-motivated and unjustified the adoption of a…

17 hours ago