Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
White House: The US is monitoring a troubling Serbian military deployment along the border of Kosovo that is causing tensions.
White House: Serbia and Kosovo must fulfill their commitments and avoid taking any provocative steps.
White House spokesperson John Kirby urges Serbia to withdraw its forces from its borders with Kosovo.
Hezbollah condemns terrorist blasts carried out against worshippers in Pakistan.
NATO: Decision to deploy additional forces to address the current situation in Kosovo.
Al Mayadeen correspondent reports more than 50 people were injured when a bomb exploded in the Mastung area of the Pakistani province of Balochistan.
Iranian Intelligence Minister Esmaeil Khatib: The assassinations were scheduled to be carried out on Saturday with the aim of stirring up national and sectarian strifes in the country
Iranian Intelligence Minister Esmaeil Khatib: A series of attempts to assassinate a number of Sunni scholars, judges, and IRGC officers was thwarted
Twin shootings in Rotterdam led to multiple deaths: Dutch police
Dutch Police: Rotterdam shooter arrested

Iran, Venezuela to sign energy deal: Bloomberg

  • By Al Mayadeen Net
  • Source: Agencies
  • 2 May 2022 08:25
  • 3 Shares
  • x

Venezuela and Iran have taken another step to circumvent the US sanctions imposed on the two countries following attempts by Washington to mend relations with the countries as it grapples with an energy crisis.

  • The sun sets behind an oil well in a field near El Tigre, Venezuela
    The sun setting behind an oil well in a field near El Tigre, Venezuela

Iranian oil minister Javad Owji is making a rare visit to Venezuela that will see him signing into force energy deals between Tehran and Caracas in light of the US sanctions imposed on the two countries, Bloomberg reported on Sunday, citing people knowledgeable on the matter.

Owji arrived in the Venezuelan capital, Caracas, on Saturday, according to the US media outlet, which also said the minister was accompanied by more than a dozen delegates in a visit that will mark another turning point in overcoming the US-imposed blockade on the two countries.

The Iranian delegation has already visited the Paraguana refinery complex in western Venezuela, meeting with Petroleos de Venezuela SA head Asdrubal Chavez, with whom Owji is set to sign energy cooperation deals on Monday.

The two nations have been subjected to harsh, unilateral US sanctions that have taken a toll on their economies. Washington did not even lift its sanctions during the pandemic, terribly affecting Tehran and Caracas' ability to combat COVID-19.

Related News

Senator opposes including Ukraine aid in short-term funding extension

US government shutdown to take a $100ml hit on small businesses

The United States does not currently import oil from either nation, though Venezuelan President Nicolas Maduro met with senior US officials in Caracas in March, which meant for many that there was hope that Washington would pivot away from its unilateral policy when it comes to the Latin American nation amid the global energy crisis sparked by the West's sanctions on Russia in light of the Ukraine war.

Iran and Venezuela have been upping their cooperation in light of the unjust US sanctions on the two countries, with Venezuela importing condensate from Iran, which is highly important in the oil refining process, as it is used to dilute heavy crude oil into an exportable blend.

An Iranian supertanker carrying more than 2 million barrels of condensate landed at a Venezuelan port a few months back, with reports saying boats had transported the material from Iran to Venezuela four times since 2020, which amounted to some 8.3 million barrels.

Cooperation has gone beyond supplies, for despite Iran helping its Latin ally by providing refined products and spare parts to boost its oil industry, it has also sent engineers to Venezuela, marking another point in cooperation between Tehran and Caracas.

Russian President Vladimir Putin said in March Washington was making attempts to sign contracts on energy resources with Iran and Venezuela as the US grappled with a harsh energy crisis, saying they were already "trying at all costs" to reach an agreement with the two.

Putin stressed that Washington was ready to make peace with Caracas and Tehran, sign all agreements, and hold negotiations with the parties they had penalized for no reason in the past. "It was not necessary to introduce these illegitimate sanctions," he told a government meeting.

  • United States
  • Russia
  • Venezuela
  • Oil Production
  • us sanctions
  • Oil prices
  • Iran

Most Read

Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
Blinken’s ‘Variable Geometry’ for a New Cold War

Blinken’s ‘Variable Geometry’ for a New Cold War

  • Analysis
  • 24 Sep 2023
BBC from the front lines in Ukraine: It's bad, counteroffensive failed

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

  • Europe
  • 28 Sep 2023
Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

  • US & Canada
  • 25 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
BBC to restrict top hosts' social media usage
Europe

BBC to restrict hosts' social media for chiding anti-migration remarks

Germany, 'Israel'
Europe

Germany signs 'historic' deal to acquire Israeli-made Arrow 3 system

Secretary of State Antony Blinken speaks during a media briefing at the State Department, Tuesday, Aug. 15, 2023, in Washington. (AP)
Europe

'Never say never': Blinken on Biden-Putin meeting in the future

Plastic found in clouds may contaminate everything we consume
US & Canada

Microplastics in clouds cause 'plastic rainfall', infect everything

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS