Two tankers to discharge Iranian crude, condensate at Venezuela's main port

27 September, 2022
Source: Reuters

Tankers carrying about 1.22 million barrels of Iranian crude and 2 million barrels of condensate are scheduled to discharge at Venezuela's Jose terminal in the coming days, according to a document from state oil company PDVSA.

Venezuela relies in Iran for a large portion of the diluents that PDVSA uses to convert its heavy oil to exportable grades. Iranian crude also is being refined in the South American country to produce motor fuels.

Iran has this year ramped up oil exports to Venezuela, including South Pars condensate, mostly using its own tanker fleet.

Both cargoes were supplied by Naftiran Intertrade Company Ltd, according to the document.

Between July and August, Venezuela imported about 4.8 million barrels of Iranian crude and condensate, according to PDVSA's shipping documents.

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