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 […] The post Reuters exclusively reports under U.S. sanctions, Iran and Venezuela strike oil export deal appeared first on Reuters News Agency.

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.

The post Reuters exclusively reports under U.S. sanctions, Iran and Venezuela strike oil export deal appeared first on Reuters News Agency.