Sep 15, 2020 16:41 UTC
  •  First Iranian condensate cargo reaches Venezuela in blow to US

The first Iranian condensate cargo for Venezuela has been unloaded at the South American country’s port of Puerto Jose​​​​​, a report says.

The ship on Saturday started discharging about 2 million barrels of South Pars condensate which the state oil company Petroleos de Venezuela SA is thought to blend with Venezuela’s tar-like crude in order to prop up production in the Orinoco oil belt, the financial news provider said.

Iran has already shipped several cargoes of gasoline to Venezuela, but this is the first condensate trade between the two countries.

Most importantly, the shipment is apparently the first to reach Venezuela since Iran supplied 1.5 million barrels of gasoline and diesel fuel to the country in May and June despite US threats to stop them.

Last month, the US government went on a full-throttle propaganda campaign, claiming that it had seized 1.116 million barrels of Iranian fuel because it was bound for Venezuela.

Iran, however, put down its foot to assert that neither the ships were Iranian nor their owners or their cargo had any connection to the Islamic Republic.