Lead vessel of a five-tanker flotilla carrying fuel supplied by Iran to Venezuela nears one of state-run PDVSA's ports as President Maduro thanks Tehran
Venezuela's President Nicolas Maduro and Iran's Foreign Minister Mohammad Javad Zarif shake hands during their meeting in Caracas, Venezuela, July 20, 2019.
Iran is providing Venezuela with 1.53 million barrels of gasoline and components in a move criticised by US authorities as both nations are under Washington's sanctions, according to the governments, sources and calculations by TankerTrackers.com. PDVSA did not reply to a request for comment on the exact content of the cargoes or plans for more imports from Iran."Venezuela and Iran both want peace, and we have the right to trade freely," Maduro said in a state television address. Maduro referred to the two countries as "revolutionary peoples who will never kneel down before the North American empire."
Venezuela's refining network has been operating this year at about 10% of its 1.3 million-barrel-per-day capacity, forcing it to rely on imports. US sanctions limit the sources and types of fuel it can receive.Washington has steadily hardened sanctions on PDVSA as part of its effort to oust Maduro, a socialist who has overseen a six-year economic collapse and is accused by opponents of rigging his 2018 reelection vote.
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