AlwaysFree: Iranian Fourth Condensate Delivery to Venezuela to be Discharged

On Thursday, a Venezuelan lawmaker said that the Iranian fourth condensate delivery cargo to PDVSA will be discharged in the next few days.

Angel Rodriguez, a lawmaker from President Nicolas Maduro's socialist party, elaborated that the cargo carries two million barrels of diluent for the Venezuelan national oil firm PDVSA to be able to export its extra-heavy oil.

Rodriguez did not reveal the name of the vessel while PDVSA and Iran’s NIOC did not reply to requests for comment.

Under the sanctions from the US on both their oil sectors, both Venezuela and Iran formalized the exchange of Venezuelan crude for Iranian condensate. Iran has delivered some 4.8 million barrels of condensate and jet fuels to PDVSA and its joint ventures this year. In return, it accepts at least 5.8 million barrels of Venezuela's Merey 16 heavy crude and jet fuel.

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