Iranian Condensate Cargo gets here in Venezuela

© Vladimir Knyaz /

© Vladimir Knyaz/

A 2.1 million barrel freight of Iranian condensate got here in Venezuela’s waters today, vessel monitoring information and also a business paper revealed, transporting products to state-run oil company PDVSA to weaken its additional hefty oil for export.

U.S.-sanctioned Venezuela and also Iran in 2014 accepted an agreement for trading Iranian condensate, an extremely light kind of oil, for Venezuelan hefty crude. The profession has actually shown vital to maintaining PDVSA’s manufacturing and also increasing its exports.

The Iranian- flagged huge unrefined provider (VLCC) Dan, run by state-owned National Iranian Tanker Company (NITC), gotten in Venezuelan Jose port’s anchorage on Tuesday, according to vessel monitoring solution Tanker

Dan’s transponder has actually stayed offline given that very early January, when the vessel went across the Gulf of Oman bring an oil freight, according to Refinitiv Eikon vessel monitoring information.

PDVSA and also National Iranian Oil Company, the moms and dad firm of NITC, did not right away respond to ask for remark.

The vessel is the 2nd Iranian ship to release this year in Venezuela, complying with the arrival of the VLCC Starla in January, likewise possessed and also run by NITC.

Last year, both state business traded some 4.82 million barrels of condensate for 5.55 million barrels of hefty crude, primarily carried in Iranian vessels.

Dan is arranged to begin releasing onFeb 22 after Starla completes dumping a 2nd parcel of condensate at the Jose incurable, according to a PDVSA timetable seen by Reuters.

While the exchange has actually assisted PDVSA rise manufacturing, it likewise has actually brought about hold-ups in releasing oil imports and also packing unrefined freights for exports because of oil high quality issues, an absence of storage space ability and also port blockage. PDVSA lately has actually been compelled to include drifting storage space to manage protruding stocks.

(Reuters – Reporting by Marianna Parraga; Editing by Chris Reese)

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