Venezuela Defies U.S. Sanctions With First Iranian Oil Import
- Ship is discharging Iranian condensate at PDVSA terminal
- Venezuela’s oil production is at lowest level since 1910s
Source: AFP via Getty Images
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An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires.
The ship is identified in internal documents as Honey, according to a report and a person with knowledge of the situation. The tanker’s actual name is Horse, according to a document. The Iran-flagged supertanker, which turned off its satellite signal on Aug. 7, started unloading about 2 million barrels of South Pars condensate at Venezuela’s state-controlled port of Jose on Saturday.