Venezuela to Resume Gasoline Shipments to Iran, EIG Reports

Venezuela will resume gasoline shipments to Iran after a pause of more than two years, Energy Intelligence Group reported.

State-run Petroleos de Venezuela SA has agreed to supply two 30,000-ton cargoes gasoline cargoes per month to Iran, EIG said in its International Oil Daily newsletter, citing Middle East trading and shipping sources that it did not identify.

The first cargo is due to arrive at the port of Bandar Abbas in early February, the report said. The shipments are a gesture of goodwill from Venezuela after U.S. and European sanctions restricted the supply of fuel imports into Iran, EIG said.

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