Iran will receive aviation kerosene from Venezuela in exchange for its gasoline. This exchange will take place as part of a deal between two state-owned oil companies. This was announced on Tuesday, February 23rd, by Reuters, citing sources.
Iranian tankers with gasoline and raw materials for fuel production, as well as equipment and spare parts, were sent to Venezuela to help the country restart its refineries, the agency said. The details of the deal are still unknown.
In addition, it is noted that the National Iranian Oil Company (NIOC) and the Venezuelan state-owned company PDVSA (Petroleos de Venezuela) agreed to exchange aviation fuel from Venezuela to pay for Iranian gasoline last year. The agreement assumes that the supply of Iranian fuel to Venezuela can become long-term.
Iran has increased aid to Venezuela since last year as the US tightened sanctions on both countries, damaging oil exports by state-owned Petroleos de Venezuela and NIOC.
The agency emphasizes that there is now an excess of jet fuel in Venezuela due to the stoppage of most domestic air travel amid restrictions related to the coronavirus.
Earlier, on December 3, 2020, the US special envoy for Iran and Venezuela, Elliot Abrams, said that the United States would not allow the possible deployment of Iranian missiles in Venezuela. According to him, if Caracas and Tehran try to implement such a plan, the US will try to intercept the missiles in transit. If this does not work out and the ammunition arrives in Venezuela, then they will be “dealt with” on the territory of the country. At the same time, the special representative did not provide any specific data on the prospects for the deployment of Iranian missiles in Venezuela.