For Free Headlines Submit Your Email
Wednesday, May 1, 2024 10:6 GMT
President Ebrahim Raisi said Iran’s crude sales doubled since last August when his government took office, despite sanctions imposed by the United States.“With the 13th government in power, oil sales have doubled and there is no longer any concern about oil sales,” Raisi said late Monday night in a live interview on national TV.The increase was due to different methods used to win contracts and find different buyers. Iran “took oil to the places the Americans cannot even think of,”. Oil Minister Javad Owji said in March, according to Press TV.Mohsen Khojasteh-Mehr, the CEO of the National Iranian Oil Company (NIOC), said then that Iran’s crude oil exports have surged 40% and gas condensate sales have grown 250% since August.Iran’s export to VenezuelaMeanwhile, documents released by Venezuela’s government-run oil company PDVSA showed that the Latin American country has begun importing Iranian heavy crude to feed its domestic refineries.Iran’s heavy crude, which is similar in quality to Venezuela’s Mesa 30 crude, is set to augment domestic oil fed to PDVSA’s refineries, according to the documents.As part of the cooperation pacts, Venezuela, also hit by US sanctions, in recent years has received Iranian equipment to revamp its refineries. The 146,000-barrel-per-day El Palito refinery is restarting a crude distillation unit this week after extensive repairs and upgrading that relied on equipment imported from Iran, Reuters reported.Owji traveled to Venezuela last week to meet President Nicolas Maduro and discuss trade agreements with his counterpart Tareck El Aissami.At least 200,000 barrels of Iranian heavy crude were delivered in mid-April to the 310,000-bpd Cardon refinery, Venezuela’s second largest. Another 400,000-barrels of Iranian oil, which arrived on the very large crude carrier (VLCC) Dino I, is discharging this week at the country’s Jose port, the documents showed. - Iran Daily