Reuters exclusively reports under U.S. sanctions, Iran and Venezuela strike oil export deal

Reuters exclusively reported that Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude. As the South American country seeks to boost its flagging oil exports in the face of U.S. sanctions, the deal between state-run firms Petroleos de Venezuela and National Iranian Oil Company deepens the cooperation between two of Washington’s foes.

Article Tags
Topics of Interest: DealsEnergy
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Middle EastNorth AmericaSouth America
Countries: IranVenezuela
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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