Tankers to unload Iranian crude and condensate in Venezuela’s main port

HOUSTON, Sept 26 (Reuters) – Tankers carrying around 1.22 million barrels of Iranian crude and 2 million barrels of condensate are expected to be unloaded at the Jose terminal in Venezuela in the coming days, according to a document from the state oil company. PDVSA.

Venezuela depends on Iran for much of the diluents that PDVSA uses to convert its heavy oil to exportable quality. Iranian crude is also refined in the South American country to produce fuels.

One of the tankers that arrived in Venezuelan waters this month is the Iranian-flagged Very Large Crude Carrier (VLCC) Huge, operated by the National Iranian Tanker Company (NITC), according to the document. The non-profit organization United Against Nuclear Iran and the monitoring service TankerTrackers.com have confirmed his identity.

For the second cargo, the PDVSA document used the name of a ship that was broken up, according to ship records.

The Middle Eastern country has this year increased its exports to US-sanctioned Venezuela, including South Pars condensate, mainly using its own fleet of tankers.

PDVSA and NITC’s parent company, National Iranian Oil Company, did not immediately respond to requests for comment.

Both shipments were supplied by Naftiran Intertrade Company Ltd, according to the document. The Iranian company, along with other state-owned companies, signed a 110 million euro contract with PDVSA earlier this year to revamp a Venezuelan refinery and supply oil to the company.

Between July and August, Venezuela imported about 4.8 million barrels of Iranian crude and condensate, according to PDVSA shipping documents. (Reporting by Marianna Parraga; Editing by Stephen Coates)

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